Archives : DAILY MARKET OUTLOOK : 11/02/2010


Market once again sold off from the resistance level of 4827, once again highlighting the volatility. Market will gain strength only if it crosses and closes above the falling gap 4832-4827.

Sensex Resistance 15986-16058-16141-16210. Support 15862-15725-15651.

Nifty Resistance 4777-4799-4827-4842. Support 4739-4692-4675.

Buy Jindal Saw 197 SL 194 Tgt 206-213.

Buy BeL 1975 SL 1955 Tgt 2005-2043.

Buy Grasim 2701 SL 2666 Tgt 2756-2823.

Buy IRB 255 SL 250 Tgt 261-266.

Buy IOC 315 SL 312 Tgt 321-325.

Buy Adani 481 SL 475 Tgt 492-504.

At Higher Levels Sell:

Sell SBI 1911 SL 1955 Tgt 1883-1863.

Sell Bhel 2303 SL 2338 Tgt 2279-2252.

Sell HDFC 2380 SL 2420 Tgt 2358-2325.

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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