Archives : DAILY MARKET OUTLOOK : 13/05/2008

For the investors & traders in Gujarat, 2 day workshop May 18 & 19, on Derivatives F&O strategies by Mr Jatin Sanghavi. Please register immediately to avoid disappointment later. Venue Hotel Blue Hill, Bhavnagar. For details call 98205 26455, Mr Hitesh 9427232363.

DAILY MARKET OUTLOOK : 13/05/2008.

Please check how amazingly the market took support at our level and closed just below our resistance level. As USUAL you would say.

BASF, Webel and ITC were the super star recommendations given yesterday. Remember market will face severe resistance at higher levels and should close above 5034 to have any chance of turning around.

Sensex Resistance 16935-17137-17171-17212. Support 16683-16589-16457.

Nifty Resistance 5034-5055-5083. Support 4944-4931-4912.

JSW steel 919 SL 900 Tgt 937-943-962.

Mastek 378 SL 371 Tgt 390-416.

Cairn India 299 SL 289 Tgt 310-325.

RCOM 550 SL 536 Tgt 565-573.

Oswal Chem 39 SL 37 Tgt 41-43.

Nag fert 46 SL 43 Tgt 50-52.

Chambal Fert 69 SL 67 Tgt 73-76.

Nalco 451 SL 445 Tgt 458-468.

Praj Ind 198 SL 193 Tgt 206-209-216.

ITC 223 SL 218 Tgt 227-229-235.

Polaris 107 SL 102 Tgt 114-117.

Mundra Port 807 SL 783 Tgt 830-864.

Shree Precoated Steel 199 SL 191 Tgt 209-220.

BASF 253 SL 246 Tgt 263-275.

Webel SL Energy 357 SL 344 Tgt 366-379.


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.

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