DAILY MARKET OUTLOOK : 11/05/2009.
Volatility will only increase as the D-day for political drama nears. The market is likely to consolidate with a negative bias.
Sensex Resistance 12015-12141-12272. Support 11765-11654-11430.
Nifty Resistance 3668-3696-3717. Support 3582-3544-3523-3478.
Buy Edelweiss 332 SL 322 Tgt 350-365.
Buy Orchid 109 SL 105 Tgt 114-119.
Buy Ind Info 88 SL 83 Tgt 95-105.
Buy Nag Const 82 SL 77 Tgt 88-95.
Buy Welspun Guj 114 SL 109 Tgt 120-130.
Buy Neyvelli 102 SL 97 Tgt 109-113.
Buy ABG Ship 151 SL 142 Tgt 163-181.
Buy Dish TV 34.75 SL 32 Tgt 38-41.
Buy JP Ass 142 SL 134 Tgt 147-153.
Buy Bajaj Hind 107 SL 102 Tgt 115-120.
Buy Triveni 64 SL 60 Tgt 68-73.
Buy Sintex 156 SL 149 Tgt 167-178.
At Higher Levels Go Short in
Sell McDowell 668 SL 681 Tgt 638-612.
Sell HDFC 1736 SL 1788 tGt 1684-1644.
Sell HPCL 246 SL 253 Tgt 236-230.