Archives : DAILY MARKET OUTLOOK : 18/08/2009

DAILY MARKET OUTLOOK : 18/08/2009.

Market saw a strong selling at higher levels and the slide continued without any pull back. Today as the market is near the support of 4359, we might witness a small intraday pull back but that should be used as opportunity to lighten your position.

Sensex Resistance 14921-15045-15148. Support 14696-14526-14355.

Nifty Resistance 4429-4464-4495. Support 4359-4304-4249.

Buy IOC 569 SL 562 Tgt 580-589-601.

Buy BPCL 506 SL 494 Tgt 516-534.

Buy HPCL 358 SL 348 Tgt 365-374.

At Higher Levels one can short:

Sell M&M 747 SL 783 Tgt 708-681.

Sell Grasim 2580 SL 2635 Tgt 2535-2472.

 


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