Archives : DAILY MARKET OUTLOOK : 05/10/2010


Bearish formation on the indices suggest some profit taking in the index heavy weights. But the midcap and small cap will continue to party. Hence adopt a stock specific approach to have more profitable trades.

Sensex Resistance 20561-20626-20706. Support 20399-20323-20267.

Nifty Resistance 6179-6196-6222. Support 6185-6103-6067.

Buy HindZinc 1161 SL 1151 Tgt 1176-1194.

Buy Cent Tex 524 SL 520 Tgt 532-542.

Buy BoB 904 SL 897 Tgt 917-931.

Buy Sintex 398 SL 393 Tgt 411-424.

Buy Dena Bank 113 SL 111 Tgt 117-121.

Buy GiC Hsg 149 SL 147 Tgt 154-160.

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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