Archives : DAILY MARKET OUTLOOK : 21/10/2010


Selling pressure forced the Nifty lower yesterday. This has been the trend for the past 2-3 sessions. Nifty will test support between 5935-5925, if it continues to trade below 5980. The Nifty needs to close above 6054 as a first step towards resuming the short term uptrend.

Sensex Resistance 19934-20043-20152. Support 19772-19695-19560.

Nifty Resistance 6013-6038-6067. Support 5950-5925-5893.

Buy Canara Bank 655 SL 647 Tgt 674-695.

Buy Central Bank 209 SL 206 Tgt 216-224.

Buy IDBI 166 SL 163 Tgt 170-175.

Buy ABG Ship 325 SL 318 Tgt 337-351.

Buy GSPL 125 SL 121 Tgt 131-137.

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.

Copyright © 2000 - 2019 Jatin Sanghavi. All rights reserved.
No part of the material on this website may be reproduced or distributed in any forms or by any means, electronics or mechanical without the written permission of the author.