Archives : DAILY MARKET OUTLOOK : 21/11/2007
DAILY MARKET OUTLOOK : 21/11/2007
MARKETS NEAR KEY SUPPORT LEVEL. WATCH OUT FOR 5665 ON THE NIFTY, WHERE GOOD SUPPORT CAN BE EXPECTED.
SENSEX HAS FILLED A GAP WHICH IT HAD LEFT BETWEEN 19210-19336. THAT GAP HAS NOW BEEN FILLED. IMPORTANT SUPPORT FOR THE SENSEX IS AT 19066-18933.
SENSEX RESISTANCE AT 19562-19714-19971. SUPPORT AT 19196-19066-18933.
NIFTY RESISTANCE AT 5891-5923-5981. SUPPORT AT 5700-5666-5456.
WHEN THE MARKET REBOUNDS FROM KEY SUPPORT LEVELS, TRY AND BUY INDEX HEAVYWEIGHTS, SO THAT YOU GET GOOD RETURNS AS THE INDEX TRIES ITS WAY UPWARDS.
STOCK WATCH FOR THE DAY:

  • COLGATE 401 SL 388 TGT 408-424.
  • JPHYDRO 110 SL 104 TGT 116-122.
  • JINDAL STAINLESS 206 SL 189 TGT 214-223.
  • CHAMBAL FERT 74 SL 71 TGT 79-84.
  • ESCORTS 161 SL 155 TGT 167-173.
  • GNFC 194 SL 189 TGT 202-208.
  • IDFC 200 SL 194 TGT 207-214.
  • JET AIR 846 SL 820 TGT 873-887.
  • NAGARJUNA CONST 323 SL 311 TGT 338-346.
  • KOTAK MAH BANK 1152 SL 1112 TGT 1194-1240.
  • SRF 162 SL 157 TGT 171-178.
OTHER INTERESTING SCRIPTS TO WATCH OUT FOR ARE HAVELLS INDIA, PARSVANATH, DIVIS LAB, AIR DECCAN, ARVIND, CHENNAI PETRO, BONGAIGAON REF, MRPL, RPL.
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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