Dear Sir.
            please find attached herewith market out look for 23rd june.
Thanking you.
For
www.stocksformula.com
Zahid latif

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Title: MARKET OUT LOOK FOR 23RD JUNE 20

MARKET OUT LOOK FOR 23RD JUNE 2009

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

NIFTY(4235)-

Profit taking and weak global clues continue to drag

index  down. Today this may continue and market will  look

for lower level of 4170,4100 and 4069 for support. Any significant

recovery looks unlikely,4270 and 4310 will be major resistance in the

process. Index heavy weights like RIL,BHEL and ONGC have to

do well to pull nifty up.

PUNJLLOYD(201.9)-

Support at 198 and 191 SL 180.Target 217.

POLARIS(102.9)-

Support at 98 and 96 SL 94. Target 110.

IFCI(51.9)-

Support at 51 and 49 SL 47.Target 55.

IDBI(105)-

Support at 100,98 and SL95.Target 113.

RNRL(88)-

Support at 86 and SL 82.Target for the day 93.

(ALL SL ON CLOSING BASIS)

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