Archives : DAILY MARKET OUTLOOK : 21/10/2010

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.


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