Archives : DAILY MARKET OUTLOOK : 08/04/2010


Sensex managed to cross 18000 in intraday trade yesterday but some profit booking at higher levels meant that it was not able to close above that. The market is consolidating its gains and Nifty is on its way towards 5460 in the near future and hence every dip will be a buying opportunity.

Sensex Resistance 18047-18127-18182. Support 17921-17878-17786.

Nifty Resistance 5399-5424-5464. Support 5345-5316-5292.

Buy Essar Oil 145 SL 142 Tgt 151-157.

Buy IVRCL Infra 175 SL 171 Tgt 179-184.

Buy Adani Ent 492 SL 486 Tgt 504-516.

Buy Kotak Bank 787 SL 777 Tgt 799-813.

Buy EKC 129 SL 126 Tgt 134-139.

Buy BoI 371 SL 364 Tgt 380-391.


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