Archives : DAILY MARKET OUTLOOK : 12/11/2009

DAILY MARKET OUTLOOK : 12/11/2009.

Market has surprised everyone by closing above the strong resistance zone of Nifty 4930-4950. Use declines to get into index heavyweights.

Sensex Resistance 16925-17092-17195. Support 16734-16602-16494.

Nifty Resistance 5036-5077-5110. Support 4980-4956-4926-4904.

Buy IDFC 169 SL 166 Tgt 174-178.

Buy IDBI 125 SL 123 Tgt 129-135.

Buy SCI 149 SL 146 Tgt 156-164.

Buy Tech Mah 1054 SL 1026 Tgt 1090-1128.

Buy RiL 2114 SL 2080 Tgt 2146-2183.

Buy L&T 1639 SL 1615 Tgt 1660-1697.

Buy ICICI 924 SL 909 Tgt 954-980.

Buy Tata Motors 621 SL 613 Tgt 639-647.

Buy M&M 1032 SL 1014 Tgt 1054-1075.

Buy Infosys 2306 SL 2271 Tgt 2358-2415.

Buy RPower 146 SL 143 Tgt 153-156.

Buy Suzlon 67 SL 66 Tgt 71-74.


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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