Archives : DAILY MARKET OUTLOOK : 05/10/2009

DAILY MARKET OUTLOOK : 05/10/2009.

Our market is opening after a long weekend and the US market have gone down more than 3% during that period and hence one can expect some adjustments on the lower side. Dont trade in too many positions today.

Sensex Resistance 17195-17256-17392. Support 16984-16802-16610..

Nifty Reistance 5110-5137-5168. Support 5012-4957-4904.

Sell Grasim 2691 SL 2758 SL 2643-2610.

Sell Hero Honda 1633 SL 1654 Tgt 1613-1591.

Sell HDFC 2702 SL 2738 SL 2659-2627.

At Lower Levels One can Buy:

Buy IDFC 154 SL 150 Tgt 162-172.

Buy Educomp 4927 SL 4805 Tgt 5004-5231.

Buy SRF 188 SL 181 Tgt 199-207.

Buy Mah Seamless 330 SL 321 Tgt 344-355.

Buy JsW Steel 853 SL 825 Tgt 881-925.

Buy Aban 1650 SL 1612 Tgt 1690-1766.


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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