Archives : DAILY MARKET OUTLOOK : 02/02/2010


Market has been bouncing from lower levels for the past three sessions and now the market will continue its bounce backed by strong global markets. Nifty will run into its first major resistance at 4943-4954.

Sensex Resistance 16434-16494-16577-16675. Support 16312-16251-16161.

Nifty Resistance 4937-4954-4982. Support 4884-4862-4827.

Buy Can Bank 404 SL 396 Tgt 412-419.

Buy BeL 2003 SL 1982 Tgt 2037-2060.

Buy Cummins 471 SL 465 Tgt 479-488.

Buy BoB 589 SL 585 Tgt 603-615.

Buy OBC 280 SL 275 Tgt 288-295.

Buy Lupin 1572 SL 1535 Tgt 1600-1636.

Buy IndBank 180 SL 177 Tgt 185-189.

Buy Triveni 131 SL 127 Tgt 135-141.

Buy RCF 107 SL 104 Tgt 113-119.

Buy NFL 133 SL 129 Tgt 139-146.

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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