Archives : DAILY MARKET OUTLOOK : 01/06/2010


Nifty is moving in the range between 5000 and 5100. There is strong resistance around 5100 level where there is a short term supply area matching coinciding with the 100dma. So the market is likely to be more stock specific and midcaps will be in action.

Sensex Resistance 17000-17098-17170. Support 16858-16771-16684.

Nifty Resistance 5110-5147-5177. Support 5047-5017-4984.

Buy Federal Bank 345 SL 338 Tgt 355-364.

Buy ReLMedia 174 SL 170 Tgt 181-189.

Buy REC 290 SL 286 Tgt 297-304.

Buy Nalco 415 SL 411 Tgt 421-427.

Buy NFL 109 SL 106 Tgt 113-118.

Buy RCF 81 SL 79 Tgt 85-89.

Buy Jain Irrigation 1076 SL 1064 Tgt 1098-1120.

Buy Nag Cons 173 SL 170 Tgt 179-185.

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