Archives : DAILY MARKET OUTLOOK : 03/06/2010


After trading well below the 200dma for major part of yesterday, the last hour saw amazing turnaround as the market managed a strong close above the 200dma led by strong short covering. Expect a gap up opening and testing of resistance at the 100dma around 5100.

Sensex Resistance 16858-17028-17170. Support 16684-16551-16480.

Nifty Resistance 5079-5105-5138. Support 4984-4966-4941.

Buy SBI 2258 SL 2240 Tgt 2282-2311.

Buy Divis Lab 748 SL 740 Tgt 760-775.

Buy GSPL 98 SL 96 Tgt 102-105.

Buy Voltas 183 SL 181 Tgt 187-192.

Buy LiTL 63 SL 62 Tgt 66-70.

Buy Bajaj Hind 108 SL 105 Tgt 114-121.


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