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Recommendations
Tuesday, February 17, 2009
Market likely to be under pressure
The market is likely to remain under pressure after a sharp fall in ongoing Asian indices in the ongoing trades. However, US indices was closed on account of Washington,s Birthday. Among the domestic indices, the Nifty could test higher levels of 2900 and may dip to 2800 - 2750 levels on the downside. The Sensex has a likely support at 9150 and may face resistance at 9450.
Stocks with +ve bias : United Phos ( SL 95 ) BOI near 235-236 ( SL 231)
Stocks with-ve bias : Chambal & Rpower
Stocks for Investment : Ril, BOB, BEL, Bhel, Crompton, Ultratech