Archives : DAILY MARKET OUTLOOK : 22/01/2010


Market has closed below the critical support zone. It was unnerving to see the way the market broke the supports with ease. Any pull back will attract lot of shorts.

Higher Bottom exists at Sensex 16577 and Nifty 4943, so it will be important that the market holds those levels.

Sensex Support 16882-16721-16577. Resistance ....

Nifty Support 5051-4985-4943. Resistance ....

Sell ICICI 852 SL 868 Tgt 832-818.

Sell DLF 363 SL 369 Tgt 354-345.

Sell IVRCL 354 SL 363 Tgt 343-336.

Sell L&T 1524 SL 1544 Tgt 1487-1461.

Sell Tata Power 1356 SL 1370 Tgt 1328-1303.

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