Archives : DAILY MARKET OUTLOOK : 08/07/2009


Markets will follow the global weakness and test the support of Nifty 4092. Closing below this will pave the way for the more weakness.

Sensex Resistance 14287-14355-14526. Support 13959-13830-13611.

Nifty Resistance 4249-4270-4365. Support 4133-4092-4019.

Sell Rel Cap 829 SL 845 Tgt 787-750.

Sell RCom 264 SL 282 Tgt 254-238.

Sell Rel Infra 1157 SL 1186 Tgt 1107-1095.

Sell Tata Steel 396 SL 404 Tgt 381-371.

Sell Tata Motors 280 SL 287 Tgt 271-261.

Sell HDFC Bank 1427 SL 1451 Tgt 1377-1347.

Sell HDFC 2361 SL 2397 Tgt 2261-2213.

At Lower Levels Buy

Buy ITC 211 SL 205 Tgt 216-223.

Buy Gail 324 SL 312 Tgt 332-341.

Buy IRB 174 SL 162 Tgt 179-185.

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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