Archives : DAILY MARKET OUTLOOK : 20/05/2010


Market has closed below the 200dma as the correction deepens. Any upmove will be met with severe resistance at 4990-5020 zone. On the down side the Nifty seems headed for towards 4830 levels.

Sensex Resistance 16551-16684-16732. Support 16338-16239-16182.

Nifty Resistance 4968-4989-5026, Support 4897-4842-4806.

Sell DLF 279 SL 287 Tgt 269-258.

Sell Jindal Steel 618 SL 641 Tgt 600-577.

Sell JsW 1081 SL 1101 Tgt 1049-1012.

Sell HDFC 2673 SL 2690 Tgt 2653-2618.

Sell Mphasis 633 SL 643 Tgt 619-598.

Sell Infosys 2602 SL 2635 Tgt 2576-2542.

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