Archives : 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.

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