Archives : DAILY MARKET OUTLOOK : 11/05/2009

DAILY MARKET OUTLOOK : 11/05/2009.

Volatility will only increase as the D-day for political drama nears. The market is likely to consolidate with a negative bias.

Sensex Resistance 12015-12141-12272. Support 11765-11654-11430.

Nifty Resistance 3668-3696-3717. Support 3582-3544-3523-3478.

Buy Edelweiss 332 SL 322 Tgt 350-365.

Buy Orchid 109 SL 105 Tgt 114-119.

Buy Ind Info 88 SL 83 Tgt 95-105.

Buy Nag Const 82 SL 77 Tgt 88-95.

Buy Welspun Guj 114 SL 109 Tgt 120-130.

Buy Neyvelli 102 SL 97 Tgt 109-113.

Buy ABG Ship 151 SL 142 Tgt 163-181.

Buy Dish TV 34.75 SL 32 Tgt 38-41.

Buy JP Ass 142 SL 134 Tgt 147-153.

Buy Bajaj Hind 107 SL 102 Tgt 115-120.

Buy Triveni 64 SL 60 Tgt 68-73.

Buy Sintex 156 SL 149 Tgt 167-178.

At Higher Levels Go Short in

Sell McDowell 668 SL 681 Tgt 638-612.

Sell HDFC 1736 SL 1788 tGt 1684-1644.

Sell HPCL 246 SL 253 Tgt 236-230.


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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