Archives : DAILY MARKET OUTLOOK : 04/07/2008

DAILY MARKET OUTLOOK : 04/07/2008.

Markets are getting very volatile to say the least. Today will be no different, as inflation will provide the volatility. My sincere advise is to buy at lower levels as and when they come. Right now it might sound scary, but in the next 10 to 15 days, one can expect atleast 12 to 15% upside for certain oversold stocks.

Sensex Resistance 13268-13344-13434. Support 12904-12822-12774-12400.

Nifty Resistance 3979-4042-4093. Support 3874-3848-3823.

Buy I-Flex 1419 SL 1362 Tgt 1474-1525.

Buy SBI 1100 SL 1060 Tgt 1125-1139-1156.

Buy Bhel 1402 SL 1376 Tgt 1445-1464-1496.

Buy Orchid 242 SL 236 Tgt 248-252.

Buy DCB 47 SL 45 Tgt 50-53.

Stay light and dont trade too much. Because Volatility is killing.

 


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