Archives : DAILY MARKET OUTLOOK : 20/11/2009


Weak close yesterday will pull down the Nifty to test the support range of 4950-4930 in todays trading. Expect a soft opening as Index heavyweights are looking weak.

Sensex Resistance 16849-16971-17098. Support 16712-16622-16494.

Nifty Resistance 5010-5046-5079. Support 4958-4934-4904.

Sell RiL 2083 SL 2105 Tgt 2061-2031.

Sell REL 1103 SL 1130 Tgt 1073-1033.

Sell L&T 1614 SL 1640 Tgt 1595-1581.

Sell Adlabs 275 SL 282 Tgt 263-251.

Sell JP Ass 226 SL 229 Tgt 220-215.

Sell IBReal 223 SL 228 Tgt 218-207.

At Lower Support Levels One can Buy:

Buy GVK Power 51 SL 50 Tgt 53-55.

Buy PFC 253 SL 248 Tgt 259-268.

Buy Orchid 172 SL 167 Tgt 179-185.

Buy Mc Dowell 1200 SL 1179 Tgt 1228-1246.

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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