Archives : DAILY MARKET OUTLOOK : 17/05/2010


Selling is likely to continue today as the Nifty closing was below 100dma. Nifty is now headed towards the support of 5022-4980, which will be a strong support.

Sensex Support 16771-16684-16566.

Nifty Support 5022-4980-4952.

Sell SBI 2224 SL 2242 Tgt 2196-2168.

Sell Tata Steel 547 SL 555 Tgt 533-519.

Sell Sterlite Ind 701 SL 710 Tgt 680-658.

Sell Cent Tex 468 SL 474 Tgt 459-449.

Sell L&T 1529 SL 1546 Tgt 1503-1475.

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