Archives : DAILY MARKET OUTLOOK : 03/02/2009


Market is in a range and becoming increasingly difficult for traders. The short term trend keeps on changing too frequently and hence the stop losses getting triggered.

Sensex Resistance 9162-9297-9333-9391. Support 9021-8946-8894-8785./

Nifty Resistance 2790-2812-2860-2887. Support 2720-2701-2676.

Buy Chambal Fert 39 SL 37 Tgt 41-43.

Buy Nag Fert 17 SL 16 Tgt 19-21.

Buy HPCL 287 SL 284 Tgt 292-296.

Buy Satyam 57 SL 53 Tgt 62-66.

Buy Reliance 1280 SL 1266 Tgt 1296-1308-1335.

Short the following at higher levels.

Sell TCS 491 SL 506 Tgt 483-475-464.

Sell GMR Infra 71 SL 74 Tgt 68-64.

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