Archives : DAILY MARKET OUTLOOK : 07/12/2009


Market is now consolidating. So adopt a stock specific approach instead of trading in the Nifty. Mid Cap IT, Telecom and Pharma companies look promising.

Sensex Resistance 17189-17291-17494. Support 17027-16961-16820..

Nifty Resistance 5152-5181-5214. Support 5081-5054-4983.

Buy Divis Lab 673 SL 660 Tgt 688-702.

Buy LiTL 592 SL 581 Tgt 603-615-635.

Buy Biocon 291 SL 283 Tgt 302-309.

Buy Glenmark 265 SL 258 Tgt 274-282.

Buy MindTree 682 SL 673 Tgt 706-730.

Buy HPCL 380 SL 372 Tgt 388-398.

Buy Orchid 208 SL 202 Tgt 215-220.

Buy Fortis 120 SL 117 Tgt 126-136.

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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