Archives : DAILY MARKET OUTLOOK : 20/04/2009

DAILY MARKET OUTLOOK : 20/04/2009.

Certain metal and steel stocks are showing signs of profit booking. But at the same time midcap IT and banking stocks look strong.

Sensex 11256-11405-11719. Support 10719-10444-10171.

Nifty Resistance 3413-3511-3638. Support 3311-3237-3149.

Buy NB Ventures 183 SL 174 Tgt 192-196.

Buy Oracle 860 SL 840 Tgt 912-950.

Buy ABB 511 SL 501 Tgt 526-554.

Buy Indian Bank 115 SL 111 Tgt 121-125.

Buy SKumars 28.45 SL 27 Tgt 30.65-32.00.

Buy HDFC Bank 1071 SL 1058 Tgt 1107-1125-1143.

Buy HDFC 1799 SL 1727 Tgt 1871-1894-1953.

Buy BRFL 160 SL 151 Tgt 168-174-190.

Buy Canara Bank 202 SL 197 Tgt 209-216.

Sell at Higher levels

Sell JsW Steel 315 SL 328 Tgt 301-280.

Sell TCS 573 SL 585 Tgt 557-532-520.

Sell Tata Motors 235 SL 248 Tgt 221-197.

Sell Sterlite Ind 388 SL 411 Tgt 362-351.

Sell Tata Steel 258 SL 269 Tgt 247-236-221.


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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