Archives : DAILY MARKET OUTLOOK : 17/03/2008
DAILY MARKET OUTLOOOK : 17/03/2008.

As we said, some bounce came on Friday as the market was oversold. But the main trend is down and hence down trend will again resume.
Strong resistance due to the gap at 15873 to 16064. Nifty will find it difficult to cross and close above 4803.
Free fall expected. Experience the thrill of bungee jumping at the start of trade. Use higher levels to short the market or else please stay away from the market. Dont trade.
Sensex Resistance at 15873-16064-16355. Support at 15228-14841-14500-14215.
Nifty Resistance at 4803-4881-4954. Support at 4580-4448-4281.
HLL, RANBAXY & ITC look good. Please dont keep naked open positions. PLEASE HEDGE WITH NIFTY FUTURES.


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