Archives : DAILY MARKET OUTLOOK : 29/10/2009

DAILY MARKET OUTLOOK : 29/10/2009.

Both Sensex and Nifty has managed a close below the 50dma and which will have negative implications on the market.

Today the global markets are weak and being an expiry for our market, the volatility will only increase. It is important that the Nifty manages a close above 4780.

Sensex Resistance 16345-16411-16606. Support 16194-16119-15957.

Nifty Resistance 4845-4867-4904. Support 4801-4784-4743.

Sell BemL 974 SL 1003 Tgt 951-908.

Sell BheL 2321 SL 2358 Tgt 2275-2220.

Sell Axis 928 SL 944 Tgt 907-892.

Sell Bhushan 1207 SL 1234 Tgt 1161-1114.


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.

Copyright © 2000 - 2018 Jatin Sanghavi. All rights reserved.
No part of the material on this website may be reproduced or distributed in any forms or by any means, electronics or mechanical without the written permission of the author.
Sitemap