Archives : DAILY MARKET OUTLOOK : 22/03/2009

DAILY MARKET OUTLOOK : 22/03/2009.

Market will test the Resistance at Sensex 9120 and Nifty 2836. It will be interesting if the market closes above these levels.

Sensex Resistance 9120-9228-9302. Support 8804-8697-8467.

Nifty Resistance 2836-2868-2881-2922. Support 2771-2739-2701-2677.

Buy Fin Tech 551 SL 521 Tgt 569-578-598.

Buy FSL 15.85 SL 14.70 Tgt 18.80-20.00.

Buy Tech Mah 275 SL 268 Tgt 286-292.

Buy Hindalco 47 SL 45 Tgt 49.50-50.

Buy GVK Power 21.40 SL 20.15 Tgt 22.30-23.30-24.15.

Buy GMR Infra 87 SL 84 Tgt 92-97.

Buy Escorts 40 SL 37 Tgt 42-45.

Buy Sesa Goa 87 SL 83 Tgt 92-98.

Buy Rajesh Exp 24.60 SL 23.60 Tgt 26-28.

Buy Bata 107 SL 103 Tgt 112-117.

Buy Sail 88 SL 84 Tgt 92-97.

Buy GSPL 39 SL 37 Tgt 42-45.

Buy NB Ventures 135 SL 131 Tgt 142-150-157.

Buy RNRL 42 SL 41 Tgt 45-48.

Buy RPL 83 SL 88-94.

Buy Essar Oil 74 SL 71 Tgt 79-82.

Some Stocks to go short at higher levels:

Sell L&T 585 SL 605 Tgt 570-556.

Sell Bhel 1378 SL 1409 Tgt 1356-1334.

Sell Maruti 710 SL 727 Tgt 688-670-657.

Sell BPCL 333 SL 342 Tgt 320-313.

Sell IOC 384 SL 394 Tgt 374-358.

Sell Tata Motors 161 SL 169 Tgt 154-147.


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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