Wednesday, October 8, 2008

08-OCT-2008

Market will open gap down. It is better to wait for higher levels to short than to short at the bottom levels. Markets will try and bounce from 3468-3430 levels.

Sensex Resistance 11866-11983-12068. Support 11501-11218-11058.

Nifty Resistance 3638-3658-3690. Support 3552-3537-3468-3430.

Sell ACC 591 SL 602 Tgt 579-562.

Sell L&T 1008 SL 1054 Tgt 982-972-930.

Sell MRPL 48 SL 50 Tgt 46-43.

Sell IndusInd 50 SL 51 Tgt 48-45.

Sell ICICI 485 SL 501 Tgt 464-442.

Sell HDFC 1950 SL 1981 Tgt 1928-1900.

Sell ABB 708 SL 721 Tgt 686-674.

Sell TCS 575 SL 590 Tgt 557-546.

Sell Bharti 748 SL 760 Tgt 728-714.