Archives : DAILY MARKET OUTLOOK : 16/06/2009

DAILY MARKET OUTLOOK : 16/06/2009.

Market will be volatile as Sensex has closed below the support while the Nifty is just hanging by the support. Stay away and short if the Sensex breaches 14500.

Sensex Resistance 14989-15107-15164. Support 14807-14739-14677.

Nifty Resistance 4534-4583-4601. Support 4469-4448-4365.

Sell RiL 2178 SL 2224 Tgt 2130-2091.

Sell Sail 160 SL 165 Tgt 155-150.

Sell Tata Motors 342 SL 352 Tgt 329-322.

Sell Sterlite 664 SL 687 Tgt 646-630.

Sell Tata Steel 433 SL 453 Tgt 418-405.

At Lower Levels once can Buy

Buy REL 1196 SL 1148 Tgt 1246-1292.

Buy RNRL 108 SL 103 Tgt 113-117.

Buy RPower 200 SL 194 Tgt 209-218.

Buy Chambal 71 SL 67 Tgt 75-77.

Buy Nag Fert 43 SL 41 Tgt 46-48.

Buy Moser Baer 103 SL 100 Tgt 109-113.


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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