Monday, November 19, 2007

MARKET OUTLOOK - 19th NOV. 2007

Market likely to open and trade firm today. Sensex has immediate resistance at 19870 and support at 19500.Sensex may touch 20200 if close/sustain above 19870.Sensex may touch 19150 if close/sustain below 19500.

NIFTY(5906.85)- Resistance-5965,6022 Support-5833,5760

Intraday Recommendations:

Buy IFCI @ 90.30 Sl 89 Tgt 94

Buy Reliance Energy @ 1826 Sl 1820 Tgt 1850-1860
Buy IndusInd Bank @ 112.80 Sl 111 Tgt 116-117
BUY Nagarfert ABOVE 83 sl 78 tg 86/91
BUY ITC ABOVE 208 sl202 tg 212 219

STOCKS TO WATCH: (ACE, ENERGY DEVELOPMENT,VIDEOCON INDUSTRY,ORBIT CORPORTION,RPL, JINDAL PHOTO)

F&O Recommendation: (POSITIONAL)

BUY NOV FUT-LITL ABOVE 454 TARGET 465,472 SL 445

ALL THE BEST AND HAPPY TRADING......

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THE VIEWS EXPRESSED IN THE ABOVE ARTICLE ARE CORRECT TO THE BEST OF KNOWLEDGE AND CAPABILITY OF OUR TEAM AND DO NOT REFLECT ANY FUNDAMENTAL VALIDITY. THE RECOMMENDATIONS ARE SOLELY INFORMATIONAL AND IS NOT AN OFFER TO BUY OR SELL. WE TAKE CARE TO CONSIDER ALL FUNDAMENTALS OF STOCKS AS FAR AS POSSIBLE, ANYHOW NO GUARANTEE / RESPONSIBILITY FOR ANY KIND OF LOSS OR PROFIT BECAUSE TRADING IN SECURITIES CARRIES ITS INHERENT RISKS.READERS ARE ADVISED TO TAKE THEIR POSITION ON ONE’S OWN JUDGEMENT, ABILITY AND CAPACITY. THE USERS OF THIS ARTICLE, WHO BUY OR SELL STOCKS BASED ON THE ABOVE INFORMATION, ARE SOLELY RESPONSIBLE OF THEIR OWN ACCORD. ANY MEMBER OF OUR TEAM WON’T BE LIABLE OR RESPONSIBLE FOR ANY LEGAL OR FINANCIAL LOSSES MADE BY ANYONE AT ANY RATE.

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Monday, November 19, 2007

MARKET OUTLOOK - 19th NOV. 2007

F&O Recommendation: (POSITIONAL)

BUY NOV FUT-LITL ABOVE 454 TARGET 465,472 SL 445

ALL THE BEST AND HAPPY TRADING......

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