Archives : DAILY MARKET OUTLOOK : 05/02/2009

DAILY MARKET OUTLOOK : 05/02/2009.

Market perfectly moving in a range and the range is getting smaller by the day.

Sensex Resistance 9262-9345-9409. Support 9127-9040-8946.

Nifty Resistance 2821-2847-2868. Support 2789-2775-2752-2720.

Buy Akruti 829 SL 791 Tgt 857-910.

Buy Oracle 634 SL 607 Tgt 658-675-691.

Buy Reliance Ind 1307 SL 1283 Tgt 1335-1344-1352.

Buy Maruti 602 SL 589 Tgt 619-636.

Buy Dish TV 23.60 SL 20.65 Tgt 24.30-26.35-27.10.

Buy FSL 12.35 SL 11.75 Tgt 13.90-14.75.

Buy Bindal Agro 13.55 SL 12.50 Tgt 15-17.

Buy Sterlite Ind 279 SL 270 Tgt 288-299.

Buy HPCL 290 SL 285 Tgt 296-301.

Buy BPCL 389 SL 384 Tgt 395-400.

Buy Sesa Goa 86 SL 83 Tgt 89-92.

At the higher level, short the following:

Sell Divis Lab 850 SL 881 Tgt 824-793.

Sell Rel Cap 372 SL 392 Tgt 356-328.

Sell LiC Hsg 205 SL 211 Tgt 198-187.

Sell Sun Pharma 1046 SL 1057 Tgt 1026-990.

Sell Tata Comm 430 SL 444 Tgt 418-410.


Disclaimer : The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness.

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