Archives : DAILY MARKET OUTLOOK : 07/05/2009

DAILY MARKET OUTLOOK : 07/05/2009.

Market witnessed profit booking in the second half yesterday and today also we will be witnessing similar market behaviour. So expect volatility to return in the second half.

Sensex Resistance 12047-12116-12284. Support 11899-11798-11635-11430.

Nifty Resistance 3647-3684-3717. Support 3591-3521-3473.

Buy BEL 992 SL 963 Tgt 1044-1077.

Buy Titan 809 SL 784 Tgt 840-869.

Buy Cairn 201 SL 197 Tgt 207-211.

Buy Triveni 62 SL 60 Tgt 68-73.

Buy Renuka 109 SL 107 Tgt 113-120.

Buy Bajaj Hind 98 SL 95 Tgt 102-108.

Buy LiC Hsg 379 SL 369 Tgt 386-403.

Buy REC 114 SL 109 Tgt 120-126.

Buy Tulip IT 595 SL 564 Tgt 625-665.

At Higher levels, go short in

Sell HDFC 1740 SL 1777 Tgt 1695-1644.

Sell Maruti 808 SL 831 Tgt 784-770.


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