Archives : DAILY MARKET OUTLOOK : 25/05/2010


The selling pressure in the last couple of hours made sure that we almost lost 100 point on the Nifty from the high of yesterday. The Market thus could not close over the 200dma. Hence one can expect the support level around Nifty 4830 to be tested.

Sensex Resistance 16551-16684-16757. Support 16373-16187-16074.

Nifty Resistance 4966-4995-5029. Support 4908-4873-4842.

Sell Tata Power 1244 SL 1264 Tgt 1212-1185.

Sell Kotak 740 SL 753 Tgt 725-708.

Sell Axis Bank 1198 SL 1216 Tgt 1172-1147.

Sell ACC 855 SL 868 Tgt 825-802.

Sell DLF 263 SL 267 Tgt 255-248.

Sell Infosys 2600 SL 2617 Tgt 2576-2558.


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