Archives : DAILY MARKET OUTLOOK : 31/05/2010


The positive aspect on Friday was that the market consistently traded above their 200dma and closed above it. Now the next target will around 5104, which is the 100dma. Hence expect the market to move between 5000-5100.

Sensex Resistance 16919-17027-17171. Support 16785-16727-16635.

Nifty Resistance 5088-5110-5138. Support 5043-5017-4984.

Buy BGR Energy 593 SL 582 Tgt 611-632.

Buy Balrampur Chini 80 SL 78 Tgt 84-88.

Buy HCC 112 SL 110 Tgt 117-122.

Buy Jain Irrigation 1026 SL 1011 Tgt 1051-1072.

Buy Apollo Tyres 70 SL 68 Tgt 74-78.

Buy Alstom Proj 588 SL 582 Tgt 602-615.

Buy Ballarpur 31.85 SL 30.90 Tgt 33.60 - 34.75.

Buy Uco 76 SL 74 Tgt 79-82.

Buy Renuka 60 SL 58 Tgt 64-68.

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.

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