Archives : DAILY MARKET OUTLOOK : 03/02/2010

DAILY MARKET OUTLOOK : 03/02/2010.

Market has given up the gains of the last three sessions in yesterdays session. Once again the Nifty is nearing the support of 4800. Options data suggest some support emerging around the same level. Selling will be visible on any rise around 4900.

Sensex Resistance 16263-16383-16431. Support 16096-15982-15740..

Nifty Resistance 4860-4899-4914. Support 4798-4766-4731.

Buy NFL 141 SL 135 Tgt 149-156.

Buy Mphasis 689 SL 677 Tgt 702-718.

Buy Chambal Fert 67.20 SL 65.50 Tgt 69.50 - 72.30.

Buy Nag Fert 34.45 SL 33.60 Tgt 36.05 - 37.90.

At Higher Levels Sell :

Sell SBi 1978 SL 2004 Tgt 1955-1912.

Sell Rel Cap 767 SL 780 Tgt 745-722.

Sell JP Ass 135 SL 139 Tgt 131-127.


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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