Archives : DAILY MARKET OUTLOOK : 13/08/2010


Nifty opened lower on the back of weak global markets but the inherent strength of the market came to the fore and as a result the Nifty managed to close above the 5400 mark. The pull-back in the last hour or so was mainly due to better than expected results of SBI.

Sensex Resistance 18113-18167-18309. Support 17996-17914-17838.

Nifty Resistance 5446-5477-5492. Support 5395-5372-5349.

Buy MRPL 79 SL 78 Tgt 83-86.

Buy IOC 381 SL 377 Tgt 389-397.

Buy Chennai Petro 274 SL 271 Tgt 281-289.

Buy Financial Tech 1294 SL 1276 Tgt 1325-1359.

Buy OiL 1400 SL 1387 Tgt 1420-1442.

Buy Bombay Dyeing 594 SL 587 Tgt 610-626.

Buy Jindal Steel 654 SL 645 Tgt 668-684.

Buy Canara Bank 492 SL 488 Tgt 502-514.

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