Archives : DAILY MARKET OUTLOOK : 04/11/2009


One can expect some bounce back from the oversold levels due to strong global markets. The test of the market will be sustainability at higher levels.

Sensex Resistance 15572-15840-15956. Support 15330-15256-15043.

Nifty Resistance 4615-4671-4729. Suport 4538-4513-4453.

Buy RiL 1818 SL 1794 Tgt 1857-1895.

Buy Suzlon 58 SL 56 Tgt 63-66.

Buy GVK Power 44 SL 43 Tgt 46-49.

Buy Ashok Leyland 46 SL 45 Tgt 49-53.

Buy Nag Const 147 SL 143 Tgt 153-157.

At Higher Levels one can Short:

Sell Bhel 2154 SL 2176 Tgt 2122-2105.

Sell SBi 2103 SL 2123 Tgt 2079-2047.

Sell L&T 1526 SL 1544 Tgt 1504-1477.

Sell Bhushan 1081 SL 1106 Tgt 1052-998.

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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