Archives : DAILY MARKET OUTLOOK : 05/05/2008

DAILY MARKET OUTLOOK : 05/05/2008.

Market gave a breakout as Sensex was able to close above the 200 dma - 17400. It is advised to buy on every dips.

On Friday, SCI and JP Associates were on fire and achieved their higher targets as well. M&M, Tata Motors, Praj Ind and Ansal Infra too achieved their targets.

Sensex Resistance 17822-17942-17991-18137. Support 17517-17445-17379-17070.

Nifty Resistance 5272-5298-5321-5638. Support 5198-5150-5079-4991.

Financial Tech 1861 SL 1794 Tgt 1955-1991.

Divis Lab 1520 SL 1500 Tgt 1580-1620.

REL 1527 SL 1461 Tgt 1633-1715.

Tech Mahindra 950 SL 922 Tgt 988-1040.

Sun TV 346 SL 337 Tgt 355-376.

IOB 152 SL 148 Tgt 162-169.

MindTree 484 SL 471 Tgt 497-533-552.

ICICI Bank 937 SL 913 Tgt 960-999.

DCB 116 SL 112 Tgt 127-133.

Ashok Leyland 43 SL 41 Tgt 46-49.

NIIT Tech 151 SL 144 Tgt 157-163-168.

NIIT Ltd 103 SL 101 Tgt 108-114-117.

JP Associates 287 SL 282 Tgt 296-315.

Parsvanath 236 SL 230 Tgt 248-264.

JSW Steel 916 SL 904 Tgt 937-943-962.

Federal Bank 253 SL 246 Tgt 260-276.

Unitech 318 SL 311 Tgt 326-337.

Patni Computer 271 SL 265 Tgt 278-289-297.

GBN 132 SL 125 Tgt 145-150.

Srei Infra 164 SL 154 Tgt 180-186.

Torrent Power 138 SL133 Tgt 146-153.

Jyothi 102 SL 97 Tgt 110-121.

 


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