Archives : DAILY MARKET OUTLOOK : 14/07/2010


Finally the Nifty closed above 5400 and confirmed a breakout. Now the Nifty is headed for 5500. Short covering by bears will lead to a strong bounce back in midcaps.

Sensex Resistance 18047-18110-18182. Support 17957-17873-17794.

Nifty Resistance 5421-5446-5498. Support 5396-5361-5325.

Buy Punj Lloyd 139 SL 137 Tgt 145-153.

Buy ICICI 899 SL 889 Tgt 913-929.

Buy Bhel 2469 SL 2455 Tgt 2587-2506.

Buy Core Proj 259 SL 255 Tgt 265-273.

Buy Unitech 83 SL 81 Tgt 87-91.

Buy HDiL 266 SL 262 Tgt 274-283.

Buy Godrej Ind 180 SL 177 Tgt 187-193.

Buy KLG 129 SL 126 Tgt 134-139.

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