Archives : DAILY MARKET OUTLOOK : 18/06/2010


Market is nearing its resistance around Nifty 5310. Some indicators are indicating that we are in overbought territory, so the traders need to be cautious. Today the focus will be on RiL AGM and all Mukesh and ADAG group stocks will be in focus. If any positive announcement comes about, the highest beneficiaries will be the ADAG group stocks.

Sensex Resistance 17679-17778-17826. Support 17570-17449-17344.

Nifty Resistance 5294-5318-5342. Support 5260-5223-5187.

Buy Mundra Port 714 SL 706 Tgt 727-743.

Buy GVK Power 44.70 SL 43.70 Tgt 46.10 - 47.60.

Buy Siemens 731 SL 725 Tgt 743-756.

Buy Neyvelli Lig 156 SL 154 Tgt 161-167.

Buy Exide 129 SL 126 Tgt 136-142.

Buy Aptech 142 SL 139 Tgt 148-154.

Buy RiL 1071 SL 1064 Tgt 1083-1097.

Buy ReL Media 222 SL 217 Tgt 229-236.

Buy ReL Infra 1198 SL 1187 Tgt 1220-1242.

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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