Archives : DAILY MARKET OUTLOOK : 04/09/2009


The Nifty has strong trendline support at 4569. It will be interesting if this support holds good. The volatility will only increase as few indicators have started showing weakness.

Sensex Resistance 15485-15564-15628. Support 15314-15240-15097.

Nifty Resistance 4618-4644-4693. Support 4569-4509-4479.

Buy Adlabs 339 SL 330 Tgt 349-354-362.

Buy BPCL 554 SL 543 Tgt 568-576.

Buy Gail 357 SL 349 Tgt 367-379.

Buy Chennai Petro 213 SL 207 Tgt 222-227.

Buy EKC 190 SL 187 Tgt 195-201.

Buy Arvind 34.15 SL 33 Tgt 35.45 - 36.45.

Buy Alok 22.90 SL 21.90 Tgt 24.40 - 25.65.

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