Archives : DAILY MARKET OUTLOOK : 05/07/2010

DAILY MARKET OUTLOOK : 05/07/2010.

Nifty has support at 5210. In case if that support is breached, then Nifty will retrace to test the support zone of 5140-5150. Only if Nifty closes above 5260, can one expect it to move towards 5310. Expect fertiliser and refinery stocks to outperform.

Sensex Resistance 17547-17629-17712. Support 17392-17327-17276.

Nifty Resistance 5262-5288-5311. Support 5210-5187-5160.

Buy Chennai Petro 262 SL 258 Tgt 271-281.

Buy MRPL 82 SL 80 Tgt 86-90.

Buy Chambal Fert 67 SL 66 Tgt 70-73.

Buy NFL 116 SL 114 Tgt 121-126.

Buy Cont Corp 1382 SL 1358 Tgt 1428-1473.

Buy Torrent Power 348 SL 343 Tgt 359-371.


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