Dear Sir.
Find attached market for 19 th June.
Zahid latif.
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-~----------~----~----~----~------~----~------~--~---Title: MARKET OUT LOOK FOR 19TH JUNE 20
MARKET OUT LOOK FOR 19TH JUNE 2009.
NIFTY(4251)-
As mentioned here yesterday the correction went deeper,
today. Some recovery is likely if the index does not trade
below 4220,first 4285 then 4336 are resistance level in the
the recovery. Rising beyond these levels market can touch 4422
and 4440, though sustaining there may be difficult. Rally can resume
only if Nifty closes above 4500.
IDBI(105.9)-
Support at 101 and 97.Target 110 and 115.SL 95.
UNITECH(76)-
SELL@ 85 SL 88.Target 70.
BALRAMPURCHIN(102)-
SELL 107 SL 109.Target 95.
INDUSIND(80.25)-
Support 80 and 76 SL 71.Target 90.
ABGSHIP(185.50)-
Support at 180 SL 175.Target 205.
(ALL SL ON CLOSING BASIS)
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