Archives : DAILY MARKET OUTLOOK : 09/03/2009


Market will be once again be following the downward trail. So use any recovery as an opportunity to go short.

Sensex Resistance 8467-8631-8762. Support 8047-7921-7769.

Nifty Resistance 2663-2736-2764. Support 2539-2502-2458.

Sell HDFC Bank 802 SL 835 Tgt 764-741-721.

Sell Rel Cap 286 SL 314 Tgt 273-259-246.

Sell Bombay Dyeing 122 SL 133 Tgt 113-104.

Sell Maruti 649 SL 672 Tgt 632-625-593.

Sell OBC 103 SL 108 Tgt 99-95.

Sell Bank Nifty 3455 SL 3631 Tgt 3221-3162-2960.

Some Stock to go long:

Buy IVRCL 112 SL 108 Tgt 118-122.

Buy Mphasis 182 SL 172 Tgt 190-200.

Buy Satyam 42 SL 39 Tgt 45-49.

Buy NB Ventures 124 SL 118 Tgt 131-137.

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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