Archives : DAILY MARKET OUTLOOK : 18/03/2008
DAILY MARKET OUTLOOK : 18/03/2008.
MARKET NOW NEAR SHORT TERM SUPPORT AROUND NIFTY 4480-4448 LEVELS. NIFTY MAY BOUNCE BACK ON ACCOUNT OF SHORT COVERING, IF THERE IS A STRONG INTEREST RATE CUT OF 100BPS FROM THE FED.
BUT DO REMEMBER THAT THE MARKET TREND REMAINS DOWN, SO DONT EXPECT ANY RENEWED BUYING. ANY UPWARD RALLY SHOULD BE USED TO SELL PENDING LONG POSITIONS.
SENSEX RESISTANCE AT 14946-15011-15170. SUPPORT AT 14738-14667-14507-14215.
NIFTY RESISTANCE AT 4548-4588-4620. SUPPORT AT 4482-4448-44425-4281.
SINCERE ADVICE STAY AWAY...BUT FOR CONTRARIONS..WHO HAVE.APPETITE FOR RISK .REMEMBER THAT RIL IS NEAR A VERY STRONG SUPPORT 2120. ONE CAN TAKE SOME RISK AND GO LONG.
RIL 2180 SL 2155 TGT 2210-2230-2245.
PENINSULA LAND 83 SL 80 TGT 88-92.
EVEREST KANTO 265 SL 258 TGT 273-281.

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