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Archives : DAILY MARKET OUTLOOK : 01/02/2010

DAILY MARKET OUTLOOK : 01/02/2010.

Market will be volatile and Nifty will find support around 4800 levels and resistance will be around 4920-4943. Any rally will see smart recovery in banking stocks due to short covering.

Sensex Resistance 16423-16524-16605. Support 16264-16148-15982..

Nifty Resistance 4904-4929-4954. Support 4854-4817-4767.

Buy BoB 575 SL 568 Tgt 587-603.

Buy Siemens 642 SL 628 Tgt 663-676.

Buy OBC 265 SL 259 Tgt 272-278.

Buy Indian Bank 179 SL 172 Tgt 185-189.

Buy Crompton 433 SL 428 Tgt 442-454.

Buy HMT 86 SL 82 Tgt 94-101.

Buy NFL 124 SL 117 Tgt 133-142.

Buy RCF 103 SL 97 Tgt 112-118.
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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