Archives : DAILY MARKET OUTLOOK : 06/02/2009

DAILY MARKET OUTLOOK : 06/02/2009.

Market bounced off from the support of Nifty - 2754. In the process Sensex has filled the gap between 9021-9053 and closed above that gap.

Sensex Resistance 9176-9247-9287-9358. Support 9039-9017-8944.

Nifty Resistance 2798-2816-2852-2881. Support 2762-2743-2720.

Buy FSL 14.70 SL 13.90 Tgt 15.80-18.70-20.00.

Buy Sesa Goa 91 SL 89 Tgt 95-98.

Buy Akruti 887 SL 856 Tgt 907-934.

Buy Jindal Steel 1027 SL 994 Tgt 1050-1075-1160.

Buy Ispat 11.30 SL 10.80 Tgt 12.80-13.45.

Buy RPL 84 SL 82 Tgt 87-92.

Buy SaiL 82 SL 79 Tgt 88-92.

Some Stocks that look weak:

Sell LiC Hsg 200 SL 204 Tgt 194-187.

Sell Divis Lab 816 SL 845 Tgt 793-774.

TCS, Abb, ReL Cap and L&T are weak.

 


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