Archives : DAILY MARKET OUTLOOK : 06/11/2009


Strong US market and Asian markets will help pull up the indicesin the morning trade and take it near the critical 50dma which is at 4874. Selling pressure will intensify between 4853-4874.

Sensex Resistance 16232-16360-16494. Support 15963-15909-15723.

Nifty Resistance 4796-4842-4874. Support 4733-4718-4660.

Buy IDFC 152 SL 148 Tgt 157-162.

Buy IDBI 117 SL 114 Tgt 121-124.

Buy REL Infra 1088 SL 1067 Tgt 1112-1148.

Buy RPower 144 SL 142 Tgt 150-156.

Buy RCom 178 SL 172 Tgt 184-189.

Buy AdLabs 273 SL 264 Tgt 283-296.

Buy LiTL 518 SL 503 Tgt 531-548.

Buy Suzlon 62 SL 60 Tgt 66-71.

Buy ReC 204 SL 201 Tgt 211-218.

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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