Archives : DAILY MARKET OUTLOOK : 23/02/2010

DAILY MARKET OUTLOOK : 23/02/2010.

Volatility increased yesterday, but the market continued to trade in a range. Nifty is finding it increasingly difficult to cross the 4930-4950 resistance zone. On the lower side the Nifty likely to run into support area around 4780-4800.

Sensex Resistance 16308-16398-16480. Support 16145-16074-15982.

Nifty Resistance 4876-4900-4929. Support 4834-4805-4766.

Buy Glaxo 1680 SL 1670 Tgt 1694-1718.

Buy Educomp 719 SL 712 Tgt 728-739.

Buy NiiT Tech 179 SL 173 Tgt 187-194.

Buy IOC 326 SL 321 Tgt 333-343.

At Higher Levels One can Short:

Sell Rel Infra 987 SL 999 Tgt 975-951.

Sell HDiL 294 SL 302 Tgt 287-280.


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