Archives : DAILY MARKET OUTLOOK : 18/02/2009


Market has weakened and is headed lower and volatility will be very high. Trade in smaller quantity.

Sensex Resistance 9162-9213-9279. Support 8894-8759-8631.

NIfty Resistance 2790-2812-2832. Support 2720-2701-2661-2642.

Sell HDFC 1433 SL 1471 Tgt 1406-1382.

Sell HDFC Bank 880 SL 900 Tgt 865-845.

Sell Rel Cap 381 SL 396 Tgt 371-363-356.

Sell ICICI 385 SL 404 Tgt 363-346.

Sell BOI 220 SL 228 Tgt 210-195.

Sell TCS 485 SL 496 Tgt 475-465.

Sell Infosys 1173 SL 1190 Tgt 1157-1140-1122.

Sell Wipro 209 SL 214 Tgt 201-180.

Sell Sterlite Ind 252 SL 258 Tgt 241-236.

Some Stocks to watch at lower levels

Buy Oracle Fin 700 SL 676 Tgt 727-746.

Buy IOC 445 SL 438 Tgt 453-456.

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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