Archives : DAILY MARKET OUTLOOK : 10/11/2009


The market has surprised everyone by closing above the 50dma. The global indices are powering our markets by posting strong gains.

Sensex Resistance 16622-16721-16820. Support 16398-16227-16148.

Nifty Resistance 4936-4968-5003. Support 4861-4815-4790.

Buy Tech Mah 1029 SL 1008 Tgt 1052-1090.

Buy IDBI 123 SL 120 Tgt 128-133.

Buy Allahbad Bank 134 SL 131 Tgt 138-143.

Buy Andhra Bank 121 SL 119 Tgt 125-128.

Buy ICICI 888 SL 870 Tgt 920-933.

Buy GMR Infra 68 SL 67 Tgt 72-76.

Buy Mphasis 738 SL 722 Tgt 753-785.

Buy REC 215 SL 211 Tgt 224-232.

Buy Nag Const 168 SL 162 Tgt 174-181.

Buy HCC 137 SL 135 Tgt 143-146.

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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