Outlook for this week : 20/10/08 to 24/10/08

20-OCT-08 to 24-OCT-08

Have a nice trading day...

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Before market open have a glance

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Watch : SenSex, Nifty, Nifty Future & Dow for this Week :

SenSex

Close...............: 8701.85

Support.............: 8000

Next Support........: 7684, 7000 { Below this level we may see 5500 }

Resistance..........: 9700

Next Resist.........: 10600

Nifty

Close..............: 2584

Support............: 2300

Next Support.......: 1900

Resistance.........: 2750

Next Resist........: 2900

Nifty Future

Close..............: 2528

Support............: 2505

Next Support.......: 2465

Resistance.........: 2575

Next Resist........: 2640

DOW Jones
Watch, If break below 8000 then we may see big correction...

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Watch : +Ve/-ve Sectors for this Week

IT - Strong
Bank - Very Weak : { On Watch List, if market turns +Ve give good return}
Auto - Very Weak
Metal - Weak
Oil & Gas - Weak
FMCG - Good ( On Watch List )


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Watch : +Ve Stocks for this Week

AKRUTI : CMP 609 : Support 600 : Resistance 612

INFOSYS : CMP 1246 : Support 1220 : Resistance 1270, 1300

Long Term, U can use for SIP plan


L & T, SBI, RIL, HDFC, MARUTI

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News 2 be Watch for this week

FII's & Domestic Activities...
SEBI & RBI move...
Global Factor
Crude Oil
Inflation
Rs. Vs $


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Corporate Actions (Dividends, Results)

HCL-INSYS........29-Oct-08.........AGM/DIVIDEND - 100%
SCI..............29-Oct-08.........BONUS 1:2
UNIPHOS..........29-Oct-08.........BONUS 1:1