Archives : DAILY MARKET OUTLOOK : 12/05/2010


The market traded with a negative bias yesterday. Nifty is finding it difficult to cross 5200 mark. Infact Nifty is facing resistance at 50dma (5207) and is finding support at 100dma (5114). Nifty is likely to trade in this range for timebeing.

Sensex Resistance 17247-17314-17379. Support 17067-16972-16820.

Nifty Resistance 5173-5190-5206. Support 5116-5084-5051.

Buy Glaxo 1997 SL 1982 Tgt 2017-2033.

Buy NFL 112 SL 109 Tgt 118-123.

Buy FACT 55 SL 54 Tgt 59-63.

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