Archives : DAILY MARKET OUTLOOK : 22/10/2009


Market has closed just above the support and the market is now looking tentative. Let the martket decide and wait for the close. Trade lite and avoid creating new positions.

Sensex Resistance 17117-17195-17350. Support 16943-16770-16622..

Nifty Resistance 5077-5110-5152. Support 5039-5003-4970.

Sell L&T 1673 SL 1710 Tgt 1625-1592.

Sell HDFC 2690 SL 2748 Tgt 2640-2617.

Sell Bhel 2438 SL 2461 Tgt 2402-2370.

At Lower Levels One can buy:

Buy ICSA 219 SL 213 Tgt 225-229.

Buy Monnet Ispat 401 SL 390 Tgt 409-417.

Buy Walchand Nagar 233 SL 227 Tgt 243-248.

Buy Jindal Steel 715 SL 703 Tgt 732-753.

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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