Archives : DAILY MARKET OUTLOOK : 04/03/2009


Market is oversold and may see a short covering rally. Once again, the strategy will be to short at higher levels.

Sensex Resistance 8515-8635-8705-8803. Support 8353-8316-8149.

Nifty Resistance 2654-2688-2736-2754. Support 2611-2570-2502.

Buy Aurobindo Pharma 156 SL 150 Tgt 163-167.

Buy Akruti 882 SL 867 Tgt 916-934.

Buy IOC 445 SL 440 Tgt 451-456.

Buy HPCL 283 SL 278 Tgt 287-291.

Buy BPCL 385 SL 379 Tgt 391-394.

At higher levels go short in:

Sell TCS 446 SL 460 Tgt 434-415.

Sell HDFC 1201 SL 1238 Tgt 1192-1167.

Sell ICICI 295 SL 308 Tgt 289-283.

Sell SBI 974 SL 996 Tgt 962-954.

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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