Dear Sir.
             Plz find attached herewith market outlook for 12 th june 09
Zahid latif

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Title: MARKET OUTLOOK FOR 12TH JUNE 200

MARKET OUTLOOK FOR 12TH JUNE 2009.

=======================================

NIFTY(4625)-

After the run up we saw on 10 th June market was clearly

cautious  and indecisive the next day. The movement today

is also very unclear, market has open and trade above 4660

to touch 4717 and if it opens below 4625 we may see correction

till 4570 and 4535.

MTNL(116.5)-

Target 120 and 123,if close above this 134.Support at 113 and

110 SL 105.

IDEA(87)-

Support at 87 and 84.5 SL 78.Target 98.

NAGARFERT(43.5)-

Support at 41 and 39 SL 37.Target 50.

RCOM(345)-

SELL @ 352 SL 356.Target 331.

HINDALCO(100.9)-

Support 96 and 94 SL 90.1stTarget 104 next 114.

( ALL SL ON CLOSING BASIS ONLY)

=======================================

 

 

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