Archives : DAILY MARKET OUTLOOK : 16/06/2010


Yesterday the market consolidated on its gains and the Nifty managed a close above the 5200 mark. The stocks which are not moving will now see short covering rallies. So watch out for the realty sector and steel sector stocks for the bounce back.

Sensex Resistance 17472-17576-17646.Support 17352-17300-17249.

Nifty Resistance 5240-5269-5290. Support 5203-5186-5171.

Buy JsW Steel 1063 SL 1051 Tgt 1084-1105.

Buy Cent Tex 467 SL 462 Tgt 480-493.

Buy BeL 1787 SL 1766 Tgt 1815-1844.

Buy ReL Media 221 SL 216 Tgt 231-241.

Buy ReL Infra 1182 SL 1167 Tgt 1205-1229.

Buy HCC 117 SL 115 Tgt 122-127.

Buy Praj Ind 80 SL 79 Tgt 83-86.

Buy Brigade 141 SL 139 Tgt 146-152.

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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