Archives : DAILY MARKET OUTLOOK : 13/05/2009

DAILY MARKET OUTLOOK : 12/05/2009.

Profit booking has started and has halted the short term up trend. The Bearish Harami on Nifty was confirmed yesterday by a Black Candle.

Sensex Resistance 11735-11824-12026. Support 11560-11430-11257-11089.

Nifty Resistance 3570-3598-3648. Support 3514-3473-3446-3351.

Sell Bharti 748 SL 767 Tgt 738-713.

Sell L&T 963 SL 996 Tgt 943-922.

Sell Grasim 1730 SL 1789gt 1680-1652-1562.

Sell Rel Cap 546 SL 568 Tgt 527-496.

Sell SBI 1258 SL 1292 Tgt 1230-1205.

Sell DLF 228 SL 241 Tgt 216-204.

Sell McDowell 650 SL 679 Tgt 634-610.

Sell HDFC Bank 1147 SL 1168 Tgt 1110-1063.

Sell HDFC 1711 SL 1753 Tgt 1644-1629.

Sell HDiL 166 SL 171 Tgt 160-146.

Sell Siemens 324 SL 340 Tgt 315-295.

Sell Bhel 1606 SL 1622 Tgt 1566-1534.

At Lower Levels Die Hard Bulls Can Buy

Buy Nucleus 71 SL 67 Tgt 75-78.

Buy Petronet 55 SL 53 Tgt 59-62.

Buy BoB 330 SL 317 Tgt 337-344.

Buy Triveni 64 SL 61Tgt 68-73.

Buy Aurobindo 297 SL 286 Tgt 313-325.

Buy RiiL 769 SL 730 Tgt 814-859.


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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