Archives : DAILY MARKET OUTLOOK : 23/12/2009

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.


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