Archives : DAILY MARKET OUTLOOK : 22/11/2007
DAILY MARKET OUTLOOK : 22/11/2007
 
INSPITE OF MARKETS TANKING, MAJORITY OF OUR RECOMMENDATIONS REACHED THEIR TARGET. SPECIAL MENTION NEEDS TO BE MADE OF JINDAL STAINLESS, JP HYDRO, SRF, ESCORTS AMD COLGATE.
 
SENSEX AND NIFTY BOTH HAVE BROKEN IMPORTANT SUPPORT LEVEL AND CLOSED WELL BELOW IT. MARKETS HAVE TURNED WEAK ON CONTINOUS SELLING BY FII AND NO BUYING. PLEASE CUT YOUR LONG POSITIONS ON EVERY RISE. EVERY RALLY WILL BE MET WITH A STRONG SELLING PRESSURE. NIFTY MUST CLOSE ABOVE 5710 TO HAVE ANY CHANCE OF RESTARTING THE RALLY.
 
SENSEX RESISTANCE AT 18843-18977-19218. SUPPORT AT 18515-18333-18140.
 
NIFTY RESISTANCE AT 5652-5693-5761. SUPPORT AT 5530-5477-5355.
 

HERO HONDA IF IT STAYS ABOVE 519 TGT IS 734-752. KEEP SL OF 691.
 
OTHER SCRIPTS WHICH LOOK OKAY ARE SRF, COLGATE, IDFC, RELIANCE.
 
PLEASE REMEMBER IT IS NOT ALWAYS NECESSARY TO TRADE AND RECOVER YOUR LOSSES IN A DAY. YOU ALWAYS WILL HAVE BETTER CHANCE OF RECOVERING WHEN THE MARKET IS IN YOUR FAVOUR.
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.
Sitemap