Archives : DAILY MARKET OUTLOOK : 20/08/2010


Finally the market gave a breakout as it managed a close above the supply trendline (5537) which was acting as a resistance.

Weak US market may help our market open lower, but that dip will be bought into and as usual mid-cap stocks will continue with its strong upward momentum.

Sensex Resistance 18523-18644-18741. Support 18374-18304-18237.

Nifty Resistance 5555-5596-5625. Support 5509-5491-5477.

Buy Jindal Steel 685 SL 677 Tgt 697-711.

Buy DCHL 138 SL 135 Tgt 143-148.

Buy ICICI 1013 SL 998 Tgt 1031-1047.

Buy IDFC 184 SL 181 Tgt 188-193.

Buy Ruchi Soya 115 SL 112 Tgt 119-125.

Buy FaG Bearing 817 SL 804 Tgt 836-857.

Buy Jubiliant Food 496 SL 483 Tgt 517-540.

Buy Kalpataru Power 1050 SL 1036 Tgt 1077-1105.


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 - 2018 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.