Archives : DAILY MARKET OUTLOOK : 09/07/2009


Market will show minor bounce today in the early part of the day but the sustainability over that remains a question mark. The markets have broken crucial supports and Nifty is on its way to first target of Nifty - 3847 over the next few days.

Sensex Resistance 13835-13947-14016-14179. Support 13701-13633-13518-13479.

Nifty Resistance 4105-4142-4173-4204. Support 4061-4044-4019-3919.

Buy IOC 561 SL 552 Tgt 571-580.

Buy BPCL 465 SL 453 Tgt 478-488.

Buy Tata Power 1082 SL 1071 Tgt 1103-1127.

Buy Sesa Goa 189 SL 185 Tgt 194-201.

Buy Century Tex 397 SL 385 Tgt 411-416.

Buy BemL 1000 SL 970 Tgt 1050-1072.

At Higher Levels One Can Short

Sell RCom 255 SL 266 Tgt 243-238.

Sell ReL Infra 1074 SL 1120 Tgt 1052-1013.

Sell Tata Steel 362 SL 371 Tgt 352-342.

Sell Cairn 206 SL 210 Tgt 200-191.

Sell DLF 283 SL 295 Tgt 276-264.

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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