Archives : DAILY MARKET OUTLOOK : 22/04/2009


Market is moving in a small range between Nifty 3300 and 3400. Good move will be witnessed once the range is broken on either side.

Sensex Resistance 10984-11030-11068-11213. Support 11850-10788-10764-10570.

Nifty Resistance 3388-3414-3441. Support 3343-3324-3309-3254.

Buy RNRL 58 SL 56 Tgt 62-65.

Buy HDiL 136 SL 128 Tgt 145-152.

Buy IB Real 139 SL 132 Tgt 146-151.

Buy IDFC 75 SL 72 Tgt 82-85.

Buy OFSS 871 SL 847 Tgt 901-915-950.

Buy Educomp 2426 SL 2365 Tgt 2489-2530.

Buy NB Ventures 190 SL 185 Tgt 196-206-211.

Buy Bata 128 SL 123 Tgt 134-141.

At Higher Levels Go Short in

Sell TCS 551 SL 562 Tgt 540-531-520.

Sell Maruti 788 SL 807 Tgt 770-756.

Sell Infosys 1362 SL 1398 Tgt 1338-1320.

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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