Archives : DAILY MARKET OUTLOOK : 04/02/2009


Market likely to open positively, but is finding it difficult to cross and close above 2860. Strategy will be to offload long positions at that level.

Sensex Resistance 9273-9337-9381. Support 9053-9008-8946-8894.

Nifty Resistance 2812-2844-2873. Support 2722-2701-2661.

Buy Oracle 625 SL 605 Tgt 658-674-691.

Buy Polaris 52 SL 49 Tgt 55-59.

Buy Renuka 74 SL 72 Tgt 78-80.

Buy 3i Infotech 35 SL 33 Tgt 37.30 - 39.10.

Buy Alok Ind 17.30 SL 16.40 Tgt 18.80-19.90.

Buy Arvind 15 SL 14.50 Tgt 17.00-18.30.

Buy Reliance 1306 SL 1292 Tgt 1335-1352.

Buy Bajaj Hind 55 SL 53 Tgt 58-61.

Some shorting opportunities at higher levels.

Sell Rel Cap 376 SL 398 Tgt 355-328.

Sell Sun Pharma 1045 SL 1068 Tgt 1030-1021-1004.

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