Archives : DAILY MARKET OUTLOOK : 16/04/2010


Nifty closed lower below the 5290 level and breached the short term trading range on the downside. As a result the Nifty is likely to slide upto 5235-5214 levels.

Sensex Resistance 17712-17793-17898. Support 17599-17565-17488.

Nifty Resistance 5292-5310-5329. Support 5257-5235-5214.

Sell HDFC 2689 SL 2738 Tgt 2653-2614.

Sell BoB 629 SL 638 Tgt 616-605.

Sell Kotak 745 SL 760 Tgt 725-711.

Sell L&T 1572 SL 1595 Tgt 1543-1517.

If the Nifty takes support around 5235-5214, then bravehearts can buy:

Buy DivisLab 718 SL 711 Tgt 732-745.

Buy Jindal Steel 732 SL 727 Tgt 739-746.

Buy Titan 1964 SL 1975 Tgt 1996-2037.

Buy Parsvanath 126 SL 122 Tgt 131-137.

Buy BajajHind 139 SL 137 Tgt 145-150.


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.

Copyright © 2000 - 2019 Jatin Sanghavi. All rights reserved.
No part of the material on this website may be reproduced or distributed in any forms or by any means, electronics or mechanical without the written permission of the author.