Archives : DAILY MARKET OUTLOOK : 21/04/2009


Market has not able to cross the 200dma hurdle and as a result the market will move lower to test support.

Sensex Resistance 11091-11269-11367. Support 10863-10747-10570.

Nifty Resistance 3405-3439-3511. Support 3339-3301-3254-3198.

Buy Polaris 68 SL 65 Tgt 75-81.

Buy HCC 60 SL 57 Tgt 65-68.

Buy Educomp 2368 SL 2272 Tgt 2419-2489.

Buy Rel Infra 702 SL 662 Tgt 722-775.

Buy GVK Power 27.20 SL 25.75 Tgt 30-32.45.

Buy ICSA 121 SL 116 Tgt 126-131.

Buy KFA 38 SL 36 Tgt 42-44-47.

Buy Power Grid 101 SL 98 Tgt 106-109.

Go Short at higher levels.

Sell Punj Lloyd 112 SL 117 Tgt 105-100.

Sell RCom 215 SL 219 Tgt 207-200-193.

Sell Tata Steel 262 SL 270 Tgt 253-243.

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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