Archives : DAILY MARKET OUTLOOK : 11/02/2008
DAILY MARKET OUTLOOK : 11/02/2008.
MARKETS LIKELY TO BE CHOPPY ON THE LISTING OF REL POWER. THERE IS GOING TO BE A TUG OF WAR, ONE GROUP WILL TRY AND FORCE THE MARKET UP AND THE OTHER GROUP(S) WILL TRY TO PUSH THE MARKET DOWN. THE LOSERS WILL BE THE INVESTOR AND RETAIL TRADERS. STAY AWAY.
MARKETS WILL BE VOLATILE AND TRADE WITH A NEGATIVE BIAS. IN CASE OF A FREE FALL 4965 AND 4867 WILL BE CRITICAL SUPPORT. IT IS ADVISABLE TO STAY AWAY AND NOT TRADE. SOMETIMES NOT TO TRADE IS ALSO A GOOD TRADE.
SENSEX RESISTANCE AT 17534-17692-17812. SUPPORT AT 17203-17113-16835-16693.
NIFTY RESISTANCE AT 5152-5177-5220-5344. SUPPORT AT 5034-4996-4965-4867.
BILT 153 SL 146 TGT 158-163.
ABB 1284 SL 1264 TGT 1309-1339.
BPCL 438 SL 422 TGT 462-474.
SHYAM TELE 128 SL 120 TGT 134-149.
TULIP IT 976 SL 960 TGT 999-1049.
HLL 211 SL 205 TGT 217-222.
HERO HONDA 707 SL 685 TGT 749-774.
SUN PHARMA 1119 SL 1095 TGT 1150-1169.
ESCORT 103 SL 99 TGT 109-113-119.
NIIT LTD 118 SL 110 TGT 124-132.
OBC 278 SL 265 TGT 290-299.
REI AGRO 1153 SL 1100 TGT 1196-1294.

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