Archives : DAILY MARKET OUTLOOK : 16/04/2010

DAILY MARKET OUTLOOK : 16/04/2010.

Nifty closed lower below the 5290 level and breached the short term trading range on the downside. As a result the Nifty is likely to slide upto 5235-5214 levels.

Sensex Resistance 17712-17793-17898. Support 17599-17565-17488.

Nifty Resistance 5292-5310-5329. Support 5257-5235-5214.

Sell HDFC 2689 SL 2738 Tgt 2653-2614.

Sell BoB 629 SL 638 Tgt 616-605.

Sell Kotak 745 SL 760 Tgt 725-711.

Sell L&T 1572 SL 1595 Tgt 1543-1517.

If the Nifty takes support around 5235-5214, then bravehearts can buy:

Buy DivisLab 718 SL 711 Tgt 732-745.

Buy Jindal Steel 732 SL 727 Tgt 739-746.

Buy Titan 1964 SL 1975 Tgt 1996-2037.

Buy Parsvanath 126 SL 122 Tgt 131-137.

Buy BajajHind 139 SL 137 Tgt 145-150.

 


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