Archives : DAILY MARKET OUTLOOK : 03/11/2009


Market are nearing oversold zone but any rise from here will be treated as a selling opportunity. So dont rush to buy at higher levels.

Sensex Resistance 16013-16081-16297. Support 15740-15545-15356.

Nifty Resistance 4772-4839-4867. Support 4663-4630-4576.

Sell Aban 1274 SL 1289 Tgt 1228-1190.

Sell DLF 370 SL 383 Tgt 352-344.

Sell BoI 333 SL 342 Tgt 320-305.

Sell RiL 1931 SL 1973 Tgt 1900-1871.

Sell Siemens 515 SL 528 Tgt 497-477.

Sell Bhel 2217 SL 2275 Tgt 2176-2122.

At Lower Levels One can Buy:

Buy Voltas 158 SL 154 Tgt 165-169.

Buy McDowell 1069 SL 1040 Tgt 1101-1136.

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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