Archives : DAILY MARKET OUTLOOK : 28/01/2010


Market has ended in the red for sixth consecutive day and as a result all major support levels have been broken. Some minor pull back rally can be expected till Nifty 4904-4943. Only if the Nifty stays above the 4943 levels, can one expect the pull back rally to gather strength. Till then the Bears can use the rally to go short.

Sensex Resistance 16353-16458-16537. Support 16210-16119-15957..

Nifty Resistance 4903-4932-4959. Support 4804-4760-4724.

Sell JP Ass 138 SL 141 Tgt 134-130.

Sell Aurobindo 846 SL 854 Tgt 838-820.

Sell M&M 1010 SL 1034 Tgt 985-969.

Sell Maruti 1369 SL 1390 Tgt 1331-1302.

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