Archives : DAILY MARKET OUTLOOK : 28/05/2010


Market continued with its pull-back yesterday in line with the strong global market. Nifty managed a close above the 200dma, which is a positive sign. Noiw the next target for Nifty will be testing of the resistance of 5110.

Sensex Resistance 16757-16838-16943. Support 16550-16486-16424.

Nifty Resistance 5029-5070-5110. Support 4965-4923-4897.

Buy Uco 73 SL 72 Tgt 76-79.

Buy L&T 1628 SL 1610 Tgt 1648-1670.

Buy Federal Bank 327 SL 322 Tgt 334-341.

Buy Jain Irrigation 1026 SL 1008 Tgt 1054-1073.

Buy Sterlite Ind 644 SL 632 Tgt 662-677.

Buy Divis 718 SL 709 Tgt 732-747.

Disclaimer : The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness.

Copyright © 2000 - 2019 Jatin Sanghavi. All rights reserved.
No part of the material on this website may be reproduced or distributed in any forms or by any means, electronics or mechanical without the written permission of the author.