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Archives : DAILY MARKET OUTLOOK : 04/06/2010

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.
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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