Archives : DAILY MARKET OUTLOOK : 13/01/2010


China has finally moved and raised a red flag on the overheating of their economy by increasing the CRR. India could follow suit and that may be the reason why our market are ignoring the good news such as strong IIP numbers yesterday.

Sensex Resistance 17503-17612-17735. Support 17322-17255-17179..

Nifty Resistance 5240-5272-5310. Support 5180-5160-5143.

Sell Sterlite Ind 876 SL 884 Tgt 858-846.

Sell HDFC 2559 SL 2595 Tgt 2507-2466.

Sell ICICI 842 SL 858 Tgt 830-818.

Sell Tata Steel 625 SL 636 Tgt 612-601.

Sell Century Tex 542 SL 551 Tgt 532-517.

At Lower Levels One Can Buy:

Buy M&M 1192 SL 1167 Tgt 1211-1231.

Buy Satyam 114 SL 112 Tgt 119-123.

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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