Archives : DAILY MARKET OUTLOOK : 20/04/2010


Market is likely to open higher as the global sentiment turned better. Nifty is likely to test the resistance level of 5235. For today the focus will be on the RBI monetary policy as the street is expecting a 50bps hike in interest rate. If the RBI announces anything less, the market will have a relief rally.

Sensex Resistance 17455-17510-17591. Support 17341-17276-17171.

Nifty Resistance 5217-5231-5269. Support 5184-5160-5117.

Buy ABB 850 SL 956 Tgt 859-869.

Buy Patni 575 SL 567 Tgt 585-594.

Buy DCB 36.85 SL 36.15 Tgt 38.50-40.70.

Buy Bharat Forge 272 SL 268 Tgt 279-287.

Buy IndusInd 182 SL 178 Tgt 188-195.

Buy Adani 495 SL 489 Tgt 502-512.

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.