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MARKET OUTLOOK:WWW.ASHOKSHARMA.CO.CC..

By Aksctc on Dec 01, 2009 at 09:55 PM
-2
Strength in global indices saw our indices opening on a firm note and
later surged higher on back of positive OPENING IN EUROPE.
Market breadth for the session turned positive with sectoral indices
mirroring the same. On other hand NSE cash volumes witnessed significant
declines . We continue to reiterate our earlier view, that technically,
recent low of 4980 will remain a key support in near term. On higher side
5180-5200 will remain crucial hurdle. On correction both short term
averages will help markets for sustainability around lower levels. In any
case breach of 5200 by NIFTY will need a fresh review.
Well our strategy for tomorrow will be same. focus on midcap and small
caps forgetting about the nifty which should be left alone to cross the
hurdle of 5200 convincingly with volume and positive breadth. our recent
find northgate picked at Rs 27 is running hard we shortly update the
target as a major news is expected on this counter, till than hold the
counter close to your heart which will prove another show stopper for all
those following us.
Tomorrow will be the crucial day as bulls are getting ready to take out
5200 with a bang, while our research team is burning midnite oil to find
out money making hidden gems.

HAPPY INVESTING

NORTHGATE - Latest Price Update
Current Price 15.2 Day's High 15.8
Change -0.2 Day's Low 15
% Change -1.3 Prev. Close 15.4

BANG - Latest Price Update
Current Price 45.35 Day's High 46.35
Change 0.5 Day's Low 44.65
% Change 1.09 Prev. Close 45.85

TAKE - Latest Price Update
Current Price 31.9 Day's High 33.2
Change 1.8 Day's Low 30.1
% Change 5.98 Prev. Close 30.1

OIL - Latest Price Update
Current Price 1408 Day's High 1417.7
Change 29.4 Day's Low 1360.25
% Change 2.13 Prev. Close 1378.6

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Disclosure: Analysts, their relatives, friends and clients may have position in the stocks suggested by them.
Disclaimer: Above recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments; no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.