Archives : DAILY MARKET OUTLOOK : 08/12/2009


Market finally went below the 5100 and closed below it. This has once again brought the 50dma in focus. The 50dma for Nifty is at 4989.

Sensex Resistance 17044-17133-17176. Support 16903-16820-16635.

Nifty Resistance 5084-5112-5131. Support 5036-5003-4977.

Buy L&T 1637 SL 1624 Tgt 1659-1678.

Buy HPCL 386 SL 380 Tgt 392-398.

Buy IOC 315 SL 312 Tgt 321-326.

Buy Orchid 209 SL 204 Tgt 215-220.

Buy Voltamp 853 SL 847 Tgt 870-892.

Buy PFC 268 SL 263 Tgt 276-282.

Buy Cummins 408 SL 401 Tgt 420-436.

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