Archives : DAILY MARKET OUTLOOK : 29/04/2009


Market closed lower than the 200dma and is once again becoming choppy and volatile. Today being expiry, traders should trade very light.

Sensex Resistance 11084-11171-11306. Support 10921-10715-10469.

Nifty Resistance 3396-3443-3511. Support 3340-3296-3240.

Buy Grasim 1788 SL 1750 Tgt 1815-1855.

Buy JP Ass 129 SL 122 Tgt 134-138.

At Higher Levels, Short the following:

Sell Tata Motors 232 SL 238 Tgt 228-214.

Sell RNRL 54 SL 58 Tgt 51-48.

Sell Sterlite Ind 382 SL 398 Tgt 372-361.

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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