Archives : DAILY MARKET OUTLOOK : 23/12/2009


The Nifty is still below the 50dma but the way volatility is reducing, it seems that the market may not go down too much in a hurry.

Yesterday the Nifty managed to hold on to the support zone of 4930-4950. For today Nifty will be tested in the Resistance zone of 5001-5016.

Sensex Resistance 16784-16858-16943. Support 16647-16562-16494..

Nifty Resistance 5001-5016-5051. Support 4969-4921-4904.

Buy Sail 225 SL 220 Tgt 233-238.

Buy REC 234 SL 231 Tgt 239-243.

Buy NTPC 214 SL 211 Tgt 218-221.

Buy GMDC 144 SL 141 Tgt 149-154.

Buy DCHL 159 SL 157 Tgt 163-168.

Buy NBVentures 421 SL 411 Tgt 435-457.

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.

Copyright © 2000 - 2019 Jatin Sanghavi. All rights reserved.
No part of the material on this website may be reproduced or distributed in any forms or by any means, electronics or mechanical without the written permission of the author.