Archives : DAILY MARKET OUTLOOK : 16/12/2009


Market has broken support level of Nifty 5050 and closed below it. The testing of 50dma is on the cards. Banking and Financial Stocks are leading the way down.

Sensex Resistance 16934-17028-17200. Support 16793-16635-16494.

Nifty Resistance 5051-5069-5100. Support 5003-4932-4904.

Sell Axis 959 SL 970 Tgt 943-930.

Sell SBi 2180 SL 2220 Tgt 2143-2116.

Sell LiTL 571 SL 583 Tgt 560-547.

Sell Andhra Bank 105 SL 108 Tgt 102-98.

Sell HDFC Bank 1700 SL 1716 Tgt 1682-1645.


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