Archives : DAILY MARKET OUTLOOK : 03/03/2009

DAILY MARKET OUTLOOK : 03/03/2009.

Market has broken the lower support and is now headed lower. Use any rally to go short in the market.

Sensex Resistance 8634-8679-8719. Support 8563-8519-8467-8316.

Nifty Resistance 2681-2695-2708. Support 2659-2644-2595-2570.

Sell HDFC 1240 SL 1280 Tgt 1210-1192.

Sell HDFC Bank 845 SL 862 Tgt 825-798.

Sell ICICI 304 SL 315 Tgt 296-283.

Sell RiL 1225 SL 1246 Tgt 1201-1187.

Sell ReL 446 SL 467 Tgt 438-414.

Sell Rel Cap 328 SL 345 Tgt 320-293.

Sell RCom 145 SL 151 Tgt 139-133.

Sell TCS 460 SL 474 Tgt 449-445-437.

Some Stocks To Buy At Lower Levels

Buy IOC 438 SL 430 Tgt 446-453.

Buy BPCL 377 SL 371 Tgt 385-389.

Buy VSNL 404 SL 392 Tgt 413-418.


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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