Archives : DAILY MARKET OUTLOOK : 02/09/2009


As mentioned yesterday, the market is very closely following the global markets and as the global markets are weak, we can expect a weak opening and testing of the strong support at 4535.

Sensex Resistance 15631-15752-15908. Support 15399-15284-15235-14973.

Nifty Resistance 4647-4685-4733. Support 4575-4535-4509-4479.

Sell ACC 780 SL 795 Tgt 769-752.

Sell Abb 740 SL 752 Tgt 727-712.

Sell JsW Steel 669 SL 685 Tgt 648-636.

Sell HCC 105 SL 108 Tgt 101-97.

At Lower Levels, one can buy

Buy Renuka 203 SL 199 Tgt 209-213.

Buy Maruti 1540 SL 1499 Tgt 1582-1607.

Buy Tata Motors 516 SL 507 Tgt 528-535.

Buy IOC 589 SL 583 Tgt 602-622.

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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