Archives : 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.


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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