Archives : DAILY MARKET OUTLOOK : 18/06/2008

DAILY MARKET OUTLOOK : 18/06/2008.

Markets moved up on short covering. The gap up opening on Monday was sustained, which makes this pull back rally stronger than previous rallies. But please note that the intermediate trend remains negative.

Yesterday our recommendations of Nectar Life Science, Bag Films, Vaibhav Gems, Aurobindo Pharma & Praj Ind did really well. But the real gem yesterday was Vaibhav Gems, which went up 20% yesterday, right from 61 to 74...what more do you ask for???

Sensex Resistance 15768-15869-15970. Support 15609-15541-15333.

Nifty Resistance 4675-4708-4746. Support 4627-4604-4561-4536.

Sasken Communication 159 SL 153 Tgt 167-173-187.

Aurobindo Pharma 347 SL 339 Tgt 355-359-370.

Praj Ind 199 SL 194 Tgt 204-207-216.

RPL 185 SL 182 Tgt 191-198.

Bombay Rayon 370 SL 359 Tgt 386-394.

IDBI 81 SL 79 tgt 85-86.

SBI 1387 SL 1349 Tgt 1455-1498.

UBI 136 SL 132 Tgt 143-146.

Sterlite Optic 217 SL 212 Tgt 225-232.

Reliance Cap 1166 SL 1134 Tgt 1189-1221-1245.

Divis Lab 1596 SL 1564 Tgt 1620-1648.

Unitech 207 SL 201 Tgt 214-224.

Educomp 3678 SL 3600 Tgt 3738-3809.

Aptech 234 SL 229 Tgt 242-247.

MindTree 482 SL 475 Tgt 492-497.

Prakash Ind 220 SL 215 Tgt 232-244.

Shree Precoated 146 SL 142 Tgt 156-164.

Unichem Lab 181 SL 176 Tgt 186-194.

Torrent Pharma 185 SL 178 Tgt 186-194.

PNC 58 SL 56 Tgt 66-69.

Gwalior Chem 93 SL 90 Tgt 96-99-106.

GHCL 77 SL 75 Tgt 86-92.

 


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