Archives : DAILY MARKET OUTLOOK : 21/08/2009


Market is likely to test the support at 4397, before deciding its future course of action. The bias is clearly turning negative except for some Mid Cap IT sector stocks.

Sensex Resistance 15090-15145-15278. Support 14928-14844-14786-14608.

Nifty Resistance 4478-4492-4509-4557. Support 4420-4380-4353.

Buy Mindtree 482 SL 463 Tgt 502-529.

Buy CMC 837 SL 803 Tgt 875-900.

Buy GDL 96 SL 94 Tgt 100-105.

Buy 3i Info 84 SL 82 Tgt 89-94.

Buy Skumars 49 SL 47 Tgt 52-55.

At Higher Levels Go Short in

Sell Bharati 400 SL 409 Tgt 392-385.

Sell ICICI 719 SL 732 Tgt 709-690.

Sell Rel Infra 1094 SL 1143 Tgt 1067-1033.

Sell Rel Cap 797 SL 818 Tgt 780-767.


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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