Archives : DAILY MARKET OUTLOOK : 11/09/2009


Market is looking stretched at higher levels. Nifty is seeing selling pressure in the zone of 4850-4890. Strong Support exists in the zone of 4783-4760.

Sensex Resistance 16275-16362-16434. Support 16116-16030-15973.

Nifty Resistance 4846-4885-4913. Support 4795-4782-4760.

Buy RNRL 90 SL 88 Tgt 93-95.

Buy Torrent Power 261 SL 253 Tgt 269-277.

Buy MindTree 580 SL 568 Tgt 594-614.

Buy Guj NRE 62 SL 59 Tgt 67-74.

Buy Sesa Goa 239 SL 236 Tgt 246-255.

Buy Patel Engg 469 SL 462 Tgt 479-493.

At Higher Levels One can Sell:

Sell Maruti 1489 SL 1516 Tgt 1470-1418.

Sell Hero Honda 1573 SL 1591 Tgt 1549-1515.

Sell Fin Tech 1373 SL 1410 Tgt 1330-1295.

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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