Archives : DAILY MARKET OUTLOOK : 04/02/2010

DAILY MARKET OUTLOOK : 04/02/2010.

Market recovered lost ground yesterday and gave a reason to smile for the bulls. But the interesting part was that the market was not able to close above the resistance level of Nifty 4943. For today the market is expected to struggle to close above that level. Oil marketing companies look positive after the positive announcements made yesterday.

Sensex Resistance 16608-16718-16820. Support 16420-16289-16210.

Nifty Resistance 4954-4967-5003. Support 4910-4866-4830.

Buy Jsw Steel 1055 SL 1034 Tgt 1067-1105.

Buy Jindal Saw 195 SL 192 Tgt 200-206.

Buy ONGC 1133 SL 1114 Tgt 1149-1168.

Buy Ashok Leyland 52 SL 51 Tgt 55-57.

Buy Sintex 266 SL 263 Tgt 272-278.

Buy ABG Ship 336 SL 328 Tgt 348-362.

Buy Rajesh Exp 107 SL 104 Tgt 113-119.


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