Archives : DAILY MARKET OUTLOOK : 12/03/2008
DAILY MARKET OUTLOOK : 12/03/2008.
JUST CHECK YESTERDAYS SUPER PERFORMANCE. CAIRN INDIA, ESSAR OIL, HINDALCO, SESA GOA, TATA TEA, VOLTAS, KLG SYSTEL, EDUCOMP & INDIAN BANK ALL REACHER THEIR TARGETS AND MAJORITY ACHIEVED SECOND TARGETS TOO !!!
US FED HAS DECIDED TO INJECT $200 BN IN THE US ECONOMY ON CONCERNS OF A MAJOR SLOWDOWN. THIS WILL PUMP LIFE IN GLOBAL MARKETS AND OUR MARKET IS LIKELY TO RALLY.
EXPECT A MAJOR GAP UP OPENING. IT WILL BE IMPORTANT FOR THE SENSEX TO SUSTAIN AND CLOSE ABOVE 16253. ON THE HIGHER SIDE 17140 FOR THE SENSEX AND 5055 FOR THE NIFTY ARE CRITICAL LEVELS.
SENSEX RESISTANCE AT16253-16457-16750-17140. SUPPORT AT 15967-15739.
NIFTY RESISTANCE AT 5019-5055-5129. SUPPORT AT 4819-4802-4732.
BAJAJ HIND 236 SL 231 TGT 246-252.
CAIRN INDIA 231 SL 226 TGT 243-246.
SUZLON ENERGY 270 SL 258 TGT 280-293.
TRIVENI ENGG 126 SL 122 TGT 130-142.
TORRENT POWER 130 SL 121 TGT 141-152.
TATA STEEL 819 SL 808 TGT 833-846.
SESA GOA 3455 SL 3380 TGT 3520-3568-3800.
CENTURY TEXTILES 796 SL 769 TGT 839-872.
HINDALCO 203 SL 196 TGT 210-216.
ADLABS 670 SL 649 TGT 727-782.
RNRL 116 SL 112 TGT 119-129.
POWER GRID 106 SL 102 TGT 113-116.
PFC 174 SL 166 TGT 181-189.
PTC 104 SL 98 TGT 111-120.
NEYVELLI LIGNITE 137 SL 132 TGT 143-148.
STERLITE IND 786 SL 765 TGT 805-820-846.
TATA TEA 851 SL 822 TGT 871-885-895.
PANTALOON RETAIL 503 SL 492 TGT 515-534.
GNFC 166 SL 159 TGT 172-179.
GAIL 421 SL 406 TGT 432-443.
INDIAN BANK 182 SL 176 TGT 190-208.
TECH MAHINDRA 666 SL 641 TGT 682-689.
TULIP IT 1011 SL 988 TGT 1040-1065-1090.
ASIAN ELECTRONICS 217 SL 207 TGT 230-261.

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