Archives : DAILY MARKET OUTLOOK : 16/03/2010


The trading range for the market is getting narrower by the day. The Nifty is trading volatile in a small range of 5090-5150. Traders tend to lose more in such markets as invariably the stoplosses get triggered. Traders need to be on the sideline till a breakout is witnessed or trade in small quantity.

Sensex Resistance 17195-17244-17290. Support 17097-17027-16943.

Nifty Resistance 5151-5184-5214. Support 5110-5092-5074.

Buy Educomp 735 SL 727 Tgt 746-758.

Buy CESC 411 SL 406 Tgt 417-428.

Buy Shree Cem 2312 SL 2278 Tgt 2350-2402.

Buy Chennai Petro 264 SL 261 Tgt 269-275.

Buy HindZinc 1273 SL 1259 Tgt 1291-1314.

Buy UltraTech 1113 SL 1104 Tgt 1126-1139.

Buy Infosys 2701 SL 2682 Tgt 2723-2748.

Buy Wipro 728 SL 719 Tgt 743-755.


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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