Archives : DAILY MARKET OUTLOOK : 11/06/2010


Bulls made a strong comeback in the second half yesterday, as the Nifty managed to cross and close above the 200dma. The global markets are strong and one can expect a gap up opening today. Next target for Nifty will be the test at 50dma which is around 5151.

Sensex Resistance 17000-17150-17276. Support 16837-16713-16657.

Nifty Resistance 5092-5123-5155. Support 5053-5014-4997.

Buy ReL Infra 1121 SL 1108 Tgt 1144-1170.

Buy ReL Cap 681 SL 676 Tgt 694-707.

Buy Nag Cons 180 SL 177 Tgt 186-192.

Buy Sterlite Ind 641 SL 634 Tgt 658-677.

Buy JsW Steel 1050 SL 1030 Tgt 1075-1095.

Buy Jindal Saw 191 SL 189 Tgt 196-202.

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