Archives : DAILY MARKET OUTLOOK : 11/09/2008
DAILY MARKET OUTLOOK : 11/09/2008.
Market likely to test the support at 4321-4284. Expect some bounce back from this level because the trend is choppy and buying at the above mentioned lower levels is advised.
Strategy for today Buy Banking stocks and Sell Steel and Metal stocks.
Sensex Resistance 14718-14747-14792. Support 14568-14440-14293.
Nifty Resistance 4419-4434-4467. Support 4363-4321-4284.
Sell Tata Steel 535 SL 548 Tgt 525-515-499.
Sell Sail 139 SL 143 Tgt 134-129.
Sell RIL 2082 SL 2111 Tgt 2065-2042.
Sell Jindal St & Power 1659 SL 1725 Tgt 1621-1590.
Sell GEShip 339 SL 347 Tgt 333-319.
Sell Unitech 159 SL 164 Tgt 155-145.
Sell HDFC 2319 SL 2360 Tgt 2291-2271-2233.
Buy BoB 309 SL 304 Tgt 314-319.
Buy BoI 291 SL 281 Tgt 298-304.
Buy VSNL 445 SL 437 Tgt 453-457.
Buy SBI 1566 SL 1553 Tgt 1582-1610.
Buy OBC 183 SL 176 Tgt 187-190.

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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