Archives : DAILY MARKET OUTLOOK : 30/10/2009


The market fell sharply in the last half hour of trade yesterday. The close below 50dma is a confirmation that the market will now be a sell on rise market in the short term. For today, there is some relief as the global markets are strong and that will give a push for the Nifty.

Sensex Resistance 16146-16334-16494. Support 15893-15740-15600.

Nifty Resistance 4818-4852-4904. Support 4726-4693-4636.

Buy M&M 928 SL 907 Tgt 956-980.

Buy Tata Power 1402 SL 1384 Tgt 1435-1469.

Buy Wipro 624 SL 610 Tgt 640-655.

Buy IDFC 145 SL 143 Tgt 151-156.

Buy Sun Pharma 1402 SL 1384 Tgt 1427-1448.

Buy Bal Chini 152 SL 148 Tgt 160-164-176.


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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