Archives : DAILY MARKET OUTLOOK : 28/04/2010


Just as the Greece crisis deepens, Portugal now joins in to spoil the uptrend in global markets. Expect a gap down opening and wait for support to emerge, before risking any trade. Nifty has strong support at 5240-5235.

Sensex Resistance 17769-17848-17975. Support 17666-17576-17488.

Nifty Resistance 5330-5352-5373. Support 5290-5269-5235.

BraveHearts can buy the following at lower levels:

Buy LiTL 62 SL 61 Tgt 65-68.

Buy GSPL 95 SL 93 Tgt 98-101.

Buy IVRCL Infra 184 SL 181 Tgt 190-196.

Buy HDFC 2852 SL 2824 Tgt 2897-2925.

Buy JP Hydro 75 SL 74 Tgt 78-82.

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