Archives : DAILY MARKET OUTLOOK : 03/09/2009


It was encouraging to see how well our markets held up yesterday, even as the global markets were weak. So today one can expect some sort of a pullback to the 4660-4693 resistance zone, once again.

Sensex Resistance 15579-15628-15789-15923. Support 15392-15317-15257.

Nifty Resistance 4638-4650-4693-4735. Support 4576-4544-4509.

Buy OFSS 1842 SL 1820 Tgt 1892-1930.

Buy Suzlon 97 SL 94 Tgt 103-108.

Buy Renuka 212 SL 206 Tgt 221-227.

Buy Bajaj Hind 184 SL 180 Tgt 189-196.

Buy Essar 153 SL 150 Tgt 158-163.

Buy Jindal Steel 3171 SL 3101 Tgt 3236-3309.

Buy HPCL 385 SL 376 Tgt 402-416.

Buy BPCL 540 SL 524 Tgt 556-576.

Buy IOC 609 SL 594 Tgt 623-631.

Buy Rel Cap 892 SL 872 Tgt 913-930.

Buy RCom 276 SL 271 Tgt 282-286.

Buy Redington 257 SL 245 Tgt 278-291.

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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