Dear Sir.
Attached herewith market out look for 16th june 09.
www.stocksformula.com.
(zahid latif)--~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---Title: MARKET OUT LOOK FOR 16TH JUNE 20
MARKET OUT LOOK FOR 16TH JUNE 2009.
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NIFTY(4484)-
Markets slid on back of the Judgment on RIL-RNRL
gas supply dispute and negative global clues. Today this
(fall) may continue till 4447 and 4427,close below these
can take Nifty to 4300 level.On the up side market has to
trade over 4518 for most of the session to expect a bounce
till 4582 and then 4637.Couple of closes over 4600 can
resume the rally,how ever lack of volume and negative AD
ratio is a cause of concern for long positions.
NOIDATOLL(45.50)-
Support at 44 and 42.5 SL 40.Resistance 47.5 and target 50.
UNITECH(86.95)-
Support 83.5 and 80 SL 78.Target 90,closing over 91 the
script may touch 100 and 110.
MOSERBAER(103)-
Support at 100 and 98 SL 90.Target 110,closing above 113
it can move up rapidly.
SUZLON(116.5)-
Support at 110 and 105 SL 100.If closes over 120, it can
reach 135 and even further.
MTNL(106.5)-
Support at 104.5 and 100 SL 95. Target 115 ,trading/closing over this
it can touch 130 in coming days.
(ALL SL ON CLOSING BASIS)
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