R-14775/15500/16640 S-14365/13635/13225; MARKET OUTLOOK: VOLATILE
A8.55A
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RESEARCH: MARKET OUTLOOK: The market is expected to open on a flat note today. The index is expected to find support close to 4092 levels. NIFTY may take resistance at 4292 and 4312 levels. An upside bounce back can be expected between 4090 – 4130 levels on the back of expectations on short covering. Those who are holding for short or medium term bet are advised to average at lower levels.
9:45 AM 7/7 RESEARCH-Global Market (in %): DOW JONES (+0.53%), S&P 500 (+0.26%), NASDAQ (-0.51%), FTSE (-0.98%), DAX (-1.20%), NIKKEI (+0.02%), HANG SENG (+0.45%) & SGX NIFTY (+13 POINTS)
10:45 AM 7/7 RESEARCH: INTRADAY CALL (CASH) : BUY HINDUNILEVER ABOVE 285.25 TGT 295 SL 280
12:18 PM 7/7 RESEARCH - INTRADAY CALL ( CASH ) : SHORT SELL PUNJLLOYD BELOW 193 TGT 187 SL 196
1:23 PM 7/7 RESEARCH - INTRADAY CALL ( CASH ) : SHORT SELL PNB BELOW 619 TGT 600 SL 628
(7/7/2009 2:24:36 PM): RESEARCH - INTRADAY CALL ( CASH ) : BUY MADRAS CEMENTS ABOVE 102.40 TGT 105 SL 101
