Archives : DAILY MARKET OUTLOOK : 10/06/2010


Yesterday was a very volatile and choppy session and the market could not sustain the gains made in the morning session as the Nifty ended below the 200dma for the second consecutive day. The first positive step for the market will be a close above the 200dma.

Sensex Resistance 16757-16825-16943. Support 16560-16494-16373.

Nifty Resistance 5029-5067-5098. Support 4980-4960-4929.

Buy Everonn 398 SL 391 Tgt 412-430.

Buy Voltas 189 SL 186 Tgt 194-199.

Buy Dr.Reddy 1466 SL 1441 Tgt 1493-1522.

Buy Opto 232 SL 230 Tgt 237-242.

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.

Copyright © 2000 - 2019 Jatin Sanghavi. All rights reserved.
No part of the material on this website may be reproduced or distributed in any forms or by any means, electronics or mechanical without the written permission of the author.