Archives : DAILY MARKET OUTLOOK : 13/10/2008

 

DAILY MARKET OUTLOOK : 13/10/2008.
The market is oversold and some rebound may be visible from lower levels. But there will lot of volatility and uncertainty. Selling pressure will be unavoidable at higher levels. Be cautious and trade in less quantity.

Sensex Resistance 10746-10975-11405. Support 10209-9951-9895.

Nifty Resistance 3394-3502-3627. Support 3209-3198-3119-3041.

Buy Can Bank 172 SL 164 Tgt 179-185.

Buy Ranbaxy 292 SL 276 Tgt 302-312.

Buy Aban 1111 SL 1040 Tgt 1205-1260.

Buy Maruti 679 SL 659 Tgt 692-704.

Buy OBC 159 SL 156 Tgt 169-174.

Buy Praj Ind 86 SL 83 Tgt 92-94.

TVS Motor, VSNL, HeroHonda, Lupin, HUL look weak.


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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