Archives : DAILY MARKET OUTLOOK : 22/03/2010


The RBI swung into action and increased the Repo and Reverse Repo Rates on Friday evening. Expect a knee jerk reaction in the opening but one can expect some sort of a pull-back from lower levels. Interest Rate sensitives will trade weak, while Defensives like Telecom may do well.

Sensex Resistance 17622-17712-17790. Support 17426-17361-17171.

Nifty Resistance 5278-5292-5310. Support 5212-5178-5145.

Buy Bharti Airtel 311 SL 305 Tgt 322-331.

Buy RCom 167 SL 164 Tgt 174-181.

Buy DCHL 173 SL 169 Tgt 182-191.

Buy Apollo Hosp 736 SL 724 Tgt 762-784.

Buy BeL 2219 SL 2165 Tgt 2278-2333.

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