Archives : DAILY MARKET OUTLOOK : 02/03/2009

DAILY MARKET OUTLOOK : 02/03/2009.

There will be hardly any cheer because of the RiL-RPL merger. The market will follow global cues and go down.

Sensex Resistance 9017-9213-9329. Support 8785-8631-8540-8316.

Nifty Resistance 2797-2868-2945. Support 2688-2661-2570-2502.

We suggest trading in pairs as given below.

Buy Divis Lab 868 SL 833 Tgt 892-908-940.

Sell Wipro 207 SL 214 Tgt 201-192-180.

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Buy NTPC 185 SL 180 Tgt 192-197-203.

Sell REL CAP 352 SL 363 Tgt 338-325.

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Buy Cairn 167 SL 162 Tgt 171-175-180.

Sell Bharati Air 638 SL 655 Tgt 624-607-593.

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Buy Power Grid 96 SL 92 Tgt 102-106-110.

Sell L&T 613 SL 632 Tgt 591-583-565.

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Buy PFC 144 SL 138 Tgt 151-162-171.

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Buy Oracle Fin 718 SL 678 Tgt 738-752-780.


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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