Archives : DAILY MARKET OUTLOOK : 05/03/2009

DAILY MARKET OUTLOOK : 05/03/2009.

Market may open higher due to rate cut. But be cautious at higher levels as they may be difficult to sustain.

Sensex Resistance 8467-8556-8619-8670. Support 8373-8316-8149.

Nifty Resistance 2661-2688-2701-2720. Support 2611-2577-2502.

Buy Century Tex 178 SL 171 Tgt 184-189.

Buy Jindal Steel 1029 SL 1009 Tgt 1056-1079-1114.

Buy Grasim 1419 SL 1376 Tgt 1448-1460-1494.

Buy IVRCL Infra 108 SL 104 Tgt 112-117-122.

Buy NB Ventures 121 SL 115 Tgt 128-131-135.

Buy Renuka 83 SL 81 Tgt 89-91.

Some Stocks to short at higher levels:

Sell Bhel 1333 SL 1360 Tgt 1307-1285-1262.

Sell SBI 956 SL 985 Tgt 946-935.

Sell HDFC 1160 SL 1199 Tgt 1129-1104.

Sell HDFC Bank 839 SL 850 Tgt 820-798.

Sell ICICI 285 SL 295 Tgt 276-265.


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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