Archives : DAILY MARKET OUTLOOK : 30/11/2009


Strong Asian markets will help our markets open stronger but the key will be the close. If the market manages to close above the 50dma (Nifty - 4970), then one can expect the rally to continue or else once again it will be a rally which gets sold into.

Sensex Resistance 16808-16943-17098. Support 16497-16347-16210.

Nifty Resistance 5016-5036-5079. Support 4896-4848-4807.

Buy BeL 1768 SL 1756 Tgt 1803-1890.

Buy Hero Honda 1747 SL 1728 Tgt 1769-1808.

Buy Maruti 1567 SL 1531 Tgt 1599-1639.

Buy Bajaj Auto 1577 SL 1546 Tgt 1619-1665.

Buy BPCL 581 SL 572 Tgt 594-607.

Buy Ranbaxy 444 SL 436 Tgt 452-459.

Buy Aurobindo 859 SL 846 Tgt 871-883.


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