Weekly Market Outlook - April 1st Week - Disclaimer Post Applies

Dear All,

Please find below the screen shots of the Weekly Market Outlook and the Trading account details for the 1^st week of April 2010. We believe that Nifty should open below 5280 levels on Monday and can touch 5350 this week. Investors & traders are advised to book profit from these levels and short around 5400 levels.

Stock ideas for the week are as follows:

·         Bank of India – Long at 321 for a target of 331 (3.1% return); stop  loss at 315

·         L&T – Short at 1635 for a target of 1571 (4.1% return); stop loss at 1663

·         MTNL – Long at 72 for a target of 74 (3% return); stop loss at 71

·         M&M – Long at 1077 for a target of 1103 (2.5% return); stop loss 1050

Speculative Buy on Monday Open:

·         Petronet LNG – Long at 78 for a target of 80 (2.5% return); Stop loss at 77

Please ensure that you have stop loss for all your longs / shorts since the market is not showing any one direction.

Also, to get this outlook directly in your inbox free of cost drop an email to dewang@denip.in or nimesh@denip.in