Archives : DAILY MARKET OUTLOOK : 17/02/2010


Market pulled back very sharply and managed a close above the short term resistance level of 4850. Now the Nifty is gunning for the first retracement target of 4918. One can expect short covering to increase if the Nifty manages to cross 4918.

Sensex Resistance 16394-16494-16577. Support 16123-16011-15922.

Nifty Resistance 4880-4918-4951. Support 4825-4783-4766.

Buy HindZinc 1073 SL 1056 Tgt 1110-1138.

Buy BeL 2068 SL 2050 Tgt 2094-2134-2166.

Buy UltraTech 1043 SL 1032 Tgt 1059-1079.

Buy Central Bank 164 SL 161 Tgt 171-178.

Buy Grasim 2721 SL 2705 Tgt 2756-2792.

Buy Mphasis 739 SL 724 Tgt 753-776.

Buy Infosys 2541 SL 2516 Tgt 2561-2589.

Buy Siemens 660 SL 653 Tgt 669-677.

Buy Sterlite 762 SL 752 Tgt 778-795.

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