Archives : DAILY MARKET OUTLOOK : 04/02/2009

DAILY MARKET OUTLOOK : 04/02/2009.

Market likely to open positively, but is finding it difficult to cross and close above 2860. Strategy will be to offload long positions at that level.

Sensex Resistance 9273-9337-9381. Support 9053-9008-8946-8894.

Nifty Resistance 2812-2844-2873. Support 2722-2701-2661.

Buy Oracle 625 SL 605 Tgt 658-674-691.

Buy Polaris 52 SL 49 Tgt 55-59.

Buy Renuka 74 SL 72 Tgt 78-80.

Buy 3i Infotech 35 SL 33 Tgt 37.30 - 39.10.

Buy Alok Ind 17.30 SL 16.40 Tgt 18.80-19.90.

Buy Arvind 15 SL 14.50 Tgt 17.00-18.30.

Buy Reliance 1306 SL 1292 Tgt 1335-1352.

Buy Bajaj Hind 55 SL 53 Tgt 58-61.

Some shorting opportunities at higher levels.

Sell Rel Cap 376 SL 398 Tgt 355-328.

Sell Sun Pharma 1045 SL 1068 Tgt 1030-1021-1004.


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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