Archives : DAILY MARKET OUTLOOK : 20/04/2010

DAILY MARKET OUTLOOK : 20/04/2010.

Market is likely to open higher as the global sentiment turned better. Nifty is likely to test the resistance level of 5235. For today the focus will be on the RBI monetary policy as the street is expecting a 50bps hike in interest rate. If the RBI announces anything less, the market will have a relief rally.

Sensex Resistance 17455-17510-17591. Support 17341-17276-17171.

Nifty Resistance 5217-5231-5269. Support 5184-5160-5117.

Buy ABB 850 SL 956 Tgt 859-869.

Buy Patni 575 SL 567 Tgt 585-594.

Buy DCB 36.85 SL 36.15 Tgt 38.50-40.70.

Buy Bharat Forge 272 SL 268 Tgt 279-287.

Buy IndusInd 182 SL 178 Tgt 188-195.

Buy Adani 495 SL 489 Tgt 502-512.


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