Archives : DAILY MARKET OUTLOOK : 06/10/2009


Market may show some strength in the first half of the day but weakness will be seen at higher levels and hence one should book profits at higher levels. Both Sensex and Nifty have formed a Bearish formation on the daily charts so be cautious.

Sensex Resistance 16937-17025-17171. Support 16837-16680-16610..

Nifty Resistance 5023-5050-5070. Support 4979-4934-4917-4887.

Sell Bharti 400 SL 407 Tgt 385-375.

Sell RCom 299 SL 305 Tgt 292-282.

Sell Sail 162 SL 167 Tgt 158-155.

At Lower Levels one can buy:

Buy Sun Pharma 1433 SL 1411 Tgt 1478-1493.

Buy Zee 244 SL 241 Tgt 252-260.

Buy BeL 1618 SL 1580 Tgt 1670-1701.

Buy ITC 238 SL 235 Tgt 242-245.

Buy Educomp 4944 SL 4882 Tgt 5066-5098.

Buy M&M 899 SL 880 Tgt 924-943.

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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