Archives : DAILY MARKET OUTLOOK : 20/05/2009


Market corrected from the highs yesterday. Today market will witness buying at lower levels once again. Volatility will only increase.

Sensex Resistance 14512-14666-14930. Support 14240-13834-13666.

Nifty Resistance 4361-4421-4509. Support 4271-4167-4016.

Buy Fin Tech 914 SL 864 Tgt 960-1010.

Buy SCI 110 SL 104 Tgt 118-123.

Buy Grasim 2283 SL 2240 Tgt 2350-2421.

Buy Walchand 143 SL 134 Tgt 149-156.

Buy Triveni 70 SL 65 Tgt 75-82.

Buy Strides 123 SL 116 Tgt 135-148.

Buy Hind Oil Exp 112 SL 105 Tgt 120-124.

At Higher Levels Go Short in

Sell Bharti Air 915 SL 950 Tgt 865-822.

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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