Archives : DAILY MARKET OUTLOOK : 24/12/2009


The huge rally yesterday was led by short covering as the Nifty crossed the resistance level with ease. In order to sustain that rise good follow up buying is required. Today the Nifty will once again be on its way to test 5182.

Sensex Resistance 17302-17361-17494. Support 17123-16967-16857..

Nifty Resistance 5156-5182-5220. Support 5107-5068-5036.

Buy Praj Ind 102 SL 100 Tgt 105-109.

Buy Infosys 2583 SL 2566 Tgt 2619-2666.

Buy Wipro 693 SL 684 Tgt 704-719.

Buy HDiL 359 SL 353 Tgt 370-380.

Buy Siemens 571 SL 562 Tgt 580-591.

Buy Sail 235 SL 232 Tgt 243-250.

Buy Suzlon 88 SL 86 Tgt 91-95.

Buy Tata Steel 604 SL 593 Tgt 617-626.


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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