Archives : DAILY MARKET OUTLOOK : 10/08/2009


Market will open up due to good global markets, but selling pressure will cause volatility and bring the market down. Book Profits at higher levels.

Sensex Resistance 15283-15311-15430-15501. Support 15048-14883-14786.

Nifty Resistance 4522-4557-4586-4636. Support 4463-4448-4420-4380.

Buy BPCL 522 SL 500 Tgt 544-556.

Buy HPCL 369 SL 354 Tgt 383-398.

Buy IOC 554 SL 544 Tgt 571-588.

At Higher Levels One can Short

Sell Abb 667 SL 681 Tgt 655-642.

Sell HDFC Bank 1390 SL 1427 Tgt 1360-1333.

Sell Maruti 1293 SL 1345 Tgt 1251-1224.

Sell Hero Honda 1479 SL 1503 Tgt 1442-1404.

Sell M&M 835 SL 855 Tgt 806-761.

Sell Ind Info 130 SL 134 Tgt 122-113.

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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