Archives : DAILY MARKET OUTLOOK : 13/05/2010


The late recovery inline with the European market augurs well for the market and we might open and trade with a positive bias. The Nifty will once again take a shot at the resistance provided by the 50dma which is at 5210.

Sensex Resistance 17276-17344-17408. Support 17091-17028-16943.

Nifty Resistance 5182-5213-5242. Support 5116-5084-5051.

Buy Neyvelli Lig 153 SL 151 Tgt 157-161.

Buy Lic Hsg 951 SL 941 Tgt 964-977.

Buy SBI 2324 SL 2307 Tgt 2350-2384.

Buy Kotak 768 SL 759 Tgt 781-795.

Buy Axis Bank 1289 SK 1281 Tgt 1306-1323.

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