Archives : DAILY MARKET OUTLOOK : 04/06/2010


Market opened with a gap yesterday and went on to conquer the 100dma and closed above it. The market will now face resistance at 50dma which is around 5175.

Sensex Resistance 17122-17203-17276. Support 16943-16858-16774.

Nifty Resistance 5140-5160-5187. Support 5096-5073-5050.

Buy Alstom Proj 604 SL 594 Tgt 616-628.

Buy Rel Cap 673 SL 664 Tgt 685-700.

Buy BoB 738 SL 727 Tgt 751-766.

Buy SBi 2287 SL 2265 Tgt 2318-2349.

Buy BoI 332 SL 327 Tgt 339-347.

Buy Andhra Bank 138 SL 135 Tgt 143-149.

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