Archives : DAILY MARKET OUTLOOK : 13/04/2010


The results season kicks off today with Infosys. Expect Infosys and other IT stocks to be volatile. Yesterday even though the market closed lower, it has not broken the uptrend of the market. Hence buying can be done at lower levels.

Sensex Resistance 17957-17995-18047. Support 17896-17779-17679.

Nifty Resistance 5366-5382-5399. Support 5324-5309-5290.

Buy BombayDyeing 623 SL 607 Tgt 643-662.

Buy Renuka 69 SL 68 Tgt 75-78.

Buy BajajHind 138 SL 135 Tgt 143-148.

Buy Jindal Steel 721 SL 713 Tgt 729-737.

Buy JaiCorp 294 SL 386 Tgt 304-314.

Buy Tata Tea 1020 SL 1001 Tgt 1048-1068.

Buy ITI 51 SL 49 Tgt 54-57.

Buy Purva 111 SL 108 Tgt 118-124.

Buy Divis Lab 701 SL 693 Tgt 717-729.

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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