Wednesday, October 22, 2008

22-OCT-2008

Market likely to bounce back after opening lower. Sensex will face severe resistance in the zone of 10787-10813.

Sensex Resistance 10787-10813-10891. Support 10428-10072-9911.

Nifty Resistance 3274-3335-3350. Support 3198-3177-3117-3046.

Buy Praj Ind 86 SL 82 Tgt 90-96.

Buy Chambal Fert 44 SL 42 Tgt 47-52.

Buy NIIT 32 SL 31.40 Tgt 35.00-36.25-38.00.

Buy Century Tex 206 SL 200 Tgt 213-220-232.

Buy RPower 120 SL 117 Tgt 125-130.

Buy Sobha 125 SL 120 Tgt 131-142.

Buy Crompton 178 SL 173 Tgt 184-194.

NTPC, Bharati Airtel, show good short build up

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