Archives : DAILY MARKET OUTLOOK : 05/03/2008
DAILY MARKET OUTLOOK : 05/03/2008.
MARKET CONSISTENTLY TRADING BELOW THE 200DMA, WHICH INDICATES THAT WE ARE IN A BEAR MARKET FOR SOME TIME TO COME. ANY RALLY SHOULD BE USED TO SHORT SELL.
JUST CHECK YESTERDAYS ACCURACY LEVEL, SENSEX AND NIFTY TOOK EXACT
SUPPORT AT 16136 AND NIFTY 4803 LEVELS !!! ALSO OUR RECOMMENDATIONS OF HINDALCO AND HLL DID REALLY WELL.
SENSEX RESISTANCE AT 16457-16512-16677. SUPPORT AT 16136-15716-15332.
NIFTY RESISTANCE AT 4903-4955-4996-5058. SUPPORT AT 4803-4622-4555-4443.
ZEE 258 SL 251 TGT 264-272.
SESA GOA 3448 SL 3335 TGT 3520-3555.
MARUTI 905 SL 890 TGT 923-942.
HINDALCO 201 SL 196 TGT 205-208.
CHAMBAL FERT 53 SL 51 TGT 56-58.
GUJ NRE COKE 152 SL 148 TGT 157-170.
IDFC, TITAN, TATA MOTORS, HERO HONDA, RANBAXY LOOK GOOD FOR TRADING.

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