Archives : DAILY MARKET OUTLOOK : 01/02/2008
DAILY MARKET OUTLOOK : 01/02/2008.
INSPITE OF SO MUCH VOLATILITY, MARKET EXACTLY TOOK SUPPORT AT OUR LEVEL....JUST CHECK NIFTY TOUCHED 5071 AND REBOUNDED..SO MUCH FOR PRECISION. ALSO NICHOLAS, ZEE AND REI AGRO REACHED THEIR RESP TGTS.
MARKET WAS VERY CHOPPY DUE TO THE F&O EXPIRY. NOW THE MARKET IS VERY LIGHT AND THE COST OF CARRY IS LOW AND HENCE THE MARKET WILL MOVE VERY FAST IN EITHER DIRECTION. CHANCES ARE MARKET WILL MOVE UPTO 5400-5550. KEEP STOP LOSS OF 5070 TO ALL YOUR LONG POSTIONS.
SENSEX RESISTANCE AT 18033-18491-18670-18930. SUPPORT AT 17571-17422-16951.
NIFTY RESISTANCE AT 5257-5360-5403-5550. SUPPORT AT 5116-5070-4910.
RIL 2478 SL 2450 TGT 2569-2645.
BOB 389 SL 382 TGT 399-416.
ZEE 284 SL 278 TGT 291-297.
REI AGRO 1059 SL 1015 TGT 1088-1109.
CAN BANK 290 SL 280 TGT 299-310.
NALCO 438 SL 414 TGT 455-470.
NICHOLAS PIRAMAL 310 SL 290 TGT 329-344.
GBN 1039 SL 983 TGT 1070-1135.
CENTURY TEXT 853 SL 840 TGT 876-891.

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