Archives : DAILY MARKET OUTLOOK : 07/06/2010


Collapse in the US market will have its impact on our market today. One can expect a retest of the 200dma (Nifty 5014) which will provide support. Commodities especially Metals and property stocks will be under pressure today.

Sensex Resistance 17185-17255-17337. Support 16943-16809-16577.

Nifty Resistance 5161-5177-5192. Support 5047-5014-4966.

Sell Tata Steel 485 SL 492 Tgt 469-452.

Sell Sail 201 SL 204 Tgt 195-188.

Sell Sterlite 648 SL 658 Tgt 626-601.

Sell Century Tex 445 SL 455 Tgt 430-407.

Sell HindZinc 965 SL 980 Tgt 935-905.

Sell HDFC 2748 SL 2762 Tgt 2715-2681.

Sell Jindal Steel 629 SL 641 Tgt 612-595.

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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