Archives : DAILY MARKET OUTLOOK : 28/06/2010


The move of partially free the petrol prices and increase other fuel prices will now have an effect on inflation. While the OMCs and Upstream Oil companies will be benefitted and can be bought but at the same time it makes sense to hedge by shorting banking stocks.

Sensex Resistance 17673-17730-17845. Support 17519-17464-17394.

Nifty Resistance 5297-5320-5348. Support 5249-5216-5176.

Buy ONGC 1263 SL 1245 Tgt 1297-1331.

Buy OIL 1359 SL 1346 Tgt 1397-1434.

Buy IOC 397 SL 360 Tgt 397-419.

Buy BPCL 620 SL 603 Tgt 645-672.

Buy HPCL 402 SL 386 Tgt 423-445.

Buy MRPL 73 SL 71 Tgt 77-81.

Buy Essar Oil 137 SL 134 Tgt 143-149.

Buy RiL 1062 SL 1050 Tgt 1082-1101.

Buy RCom 192 SL 189 Tgt 198-205.

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