Archives : DAILY MARKET OUTLOOK : 14/12/2009

DAILY MARKET OUTLOOK : 14/12/2009.

Market is finding it difficult to cross the 5181 level. The way the market fell after the IIP numbers suggests that the market may need some more time to consolidate before taking another shot at that level.

Sensex Resistance 17196-17285-17351. Support 17032-16943-16820.

Nifty Resistance 5134-5160-5182. Support 5084-5036-5003.

Buy Alstom Proj 575 SL 562 Tgt 589-602.

Buy Bhel 2371 SL 2345 Tgt 2400-2463.

Buy Bharat Forge 273 SL 270 Tgt 279-287.

Buy Triveni 109 SL 106 Tgt 113-116.

Buy Bajaj Auto 1725 SL 1696 Tgt 1765-1817.

Buy Jindal Steel 744 SL 735 Tgt 754-767.

At Higher Levels Sell:

Sell SBI 2266 SL 2294 Tgt 2241-2226.

Sell HDiL 343 SL 350 Tgt 333-325.

Sell HDFC 2695 SL 2740 Tgt 2650-2605.

Sell Nag Cons 151 SL 155 Tgt 145-141.

Sell BoB 499 SL 510 Tgt 490-478.


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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