Archives : DAILY MARKET OUTLOOK : 22/05/2009


Markets have started to give off some gains and the Sensex is likely to move towards the gap left by it on Monday. Some Midacps may still outperform the broad market.

Sensex Resistance 13870-14021-14089. Support 13672-13479-13275.

Nifty Resistance 4252-4280-4319. Support 4188-4137-4021.

Sell RiL 2115 SL 2145 Tgt 2089-2052-2036.

Sell ICICI 673 SL 704 Tgt 636-616.

Sell Bhel 1965 SL 2050 Tgt 1935-1876-1800.

Sell HDFC 2093 SL 2151 Tgt 2055-1982-1953.

Some Stocks to Buy At Lower Levels

Buy Tech Mah 416 SL 402 Tgt 435-448-489.

Buy Opto Ckt 157 SL 148 Tgt 166-183.

Buy DCHL 70 SL 65 Tgt 76-79.

Buy Noida Toll 35 SL 33 Tgt 38-41.

Buy Gt Offshore 327 SL 318 Tgt 341-365.

Buy Divis Lab 1156 SL 1108 Tgt 1190-1229.

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