Archives : DAILY MARKET OUTLOOK : 23/07/2009


Market corrected yesterday and today there are strong global cues and hence the market is expected to open strong, but as usual the Bears will use this to short at higher levels and increase volatility.

Sensex Resistance 14930-15046-15257. Support 14786-14729-14684.

Nifty Resistance 4439-4479-4507. Support 4380-4365-4311.

Buy Moser Baer 81 SL 79 Tgt 85-88.

Buy Aurobindo Pharma 518 SL 500 Tgt 537-554.

Buy GSPL 61 SL 58 Tgt 64-66.

Buy BL Kashyap 364 SL 341 Tgt 379-394.

At Higher Levels One can Short:

Sell Kotak Bank 624 SL 640 Tgt 602-585.

Sell Axis Bank 860 SL 882 Tgt 841-792.

Sell RiL 1975 SL 2008 Tgt 1942-1900.


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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