Archives : DAILY MARKET OUTLOOK : 24/09/2009


Market saw unwinding pressure yesterday because of the expiry today. Today the market will be very volatile to say the least. It is advised to trade in small quantities or avoid today.

Sensex Resistance 16820-16943-17030. Support 16646-16578-16448.

Nifty Resistance 5003-5034-5070. Support 4940-4916-4889.

Sell L&T 1635 SL 1663 Tgt 1609-1581.

Sell Bhel 2272 SL 2292 Tgt 2245-2221.

Sell HDiL 321 SL 327 Tgt 313-304.

At Lower Levels Brave Hearts can Buy:

Buy JSW Steel 827 SL 805 Tgt 857-883.

Buy Educomp 4302 SL 4242 Tgt 4374-4412.

Buy HCC 129 SL 125 Tgt 135-140.

Buy Central Bank 135 SL 129 Tgt 143-147.

Buy Balaji Tele 71 SL 67 Tgt 75-78.

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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