Market Outlook For 19-02-2008

Nifty Views.

Dow Closed on Monday. Nikkei trading 75 points up.

The indices went up as expected, corrected and made a bounce back. No glues from American markets which were closed on Monday.

Expect stock specific movement. Sugar stocks seem to have some more strength in them.

5360 resistance needs to be cleared for the next target of 5480

High	Low	Close
Last	5348.60	5224.00	5276.90
Prev.	5315.40	5104.75	5302.90
Weekly	5315.40	4803.60	5302.90

Intraday support & resistance:

S 2	S 1	Pivot	R 1	R 2
5158.50	5217.65	5283.15	5342.25	5407.75

Moving averages (simple):

5 D	8 D	13 D	20 D	39 D	50 D	200 D
5110	5083	5183	5181	5616	5687	5004

Other indicators:

- 5 day RSI: 62 - no indication.
- 14 day RSI: 48 - no indication.

Trading range (historical)

	5 day	10 day	20 day
Highest close	5302.90	5483.90	5483.90
Lowest close	4838.25	4838.25	4838.25

Support and Resistance

Previous resistance Previous support Weekly close

5545 4804 5303

Fibonacci price projections

	0%	61.8%	100%	161.8%	261.8%
Up	4804	5262	5545	6003	6744
Dn	5545	5087	4804	4346	3605

Market Talk

Mumbai Market Talk

ADA Stocks to hog limelight.

Sensex Target seen around 19200 + in next few weeks.

Reliance to target 2900+

Buy Cairn Energy Which Is Exhibiting Good Potential For An Upward Move - STOP LOSS BELOW 211.80 & 209.9

No Company Buy Target Stoploss Remarks

1 IFCI Above 66 70-72 64 Premarket Intraday

ASHOKLEY ( ASHOK LEYLAND LTD)

Action	Trigger Price	Stop Loss	Target 1	Target 2
BUY ABOVE	37.02	36.64	37.47	38.09
SELL BELOW	36.45	36.83	36.4	35.60

ITC ( ITC LTD)

Action	Trigger Price	Stop Loss	Target 1	Target 2
BUY ABOVE	207.75	205.65	213.5	218.25
S.SELL BELOW	204.6	206.7	203	195.15

BAJAJHIND ( BAJAJ HINDUSTAN LTD)

Action	Trigger Price	Stop Loss	Target 1	Target 2
BUY ABOVE	259.7	257.04	275.41	286.74
S.SELL BELOW	255.71	258.37	248.37	230

Hot Stocks for 19th February 08
RPOWER, ITC, BAJAJHIND, CAIRN, PRAJIND, WELGUJ,
INDIANB, LICHSGFIN, BANKBARODA, RENUKA,
AXISBANK, ORCHIDCHEM, GNFC, GESHIP, CROMPGREAV