Archives : DAILY MARKET OUTLOOK : 09/06/2008

DAILY MARKET OUTLOOK : 09/06/2008.

Markets all set to dive off the cliff. Strong support will be seen at 4496 - Nifty and 15363,15026 - Sensex. Dont even think of investing, as attractive lower levels will be available to you from time to time. Use rallies to go short in the market.

Sensex Support 15363-15026-14677. Resistance 15702-15868-15992.

Nifty Support 4536-4496-4448. Resistance 4669-4713-4741.

Sell DLF 518 SL 541 Tgt 490-460.

Sell Maruti 750 SL 764 Tgt 731-720.

Sell Lanco 389 SL 408 Tgt 364-344.

Sell Bharti 802 SL 823 Tgt 776-730-706.

Sell HDFC 2349 SL 2376 Tgt 2295-2251.

Sell Hindalco 175 SL 182 Tgt 167-160.

Sell L&T 2680 SL 2749 Tgt 2638-2610-2551.

Sell RIL 2238 SL 2280 Tgt 2175-2147.

Sell Tata Power 1276 SL 1316 Tgt 1194-1115.

Sell Neyvelli Lignite 117 SL 123 Tgt 106-100.

Sell Educomp 3501 SL 3586 Tgt 3375-3280-3120.

Sell RPL 166 SL 172 Tgt 155-150-143.

Buy Shree Ashtavinayak 459 SL 444 Tgt 481-490.

It is not necessary to trade everyday and lose money. It makes sense, by not trading and thus not losing any money, which is as good as making money !

 


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