Dear Sir.
            Plz find attached herewith market out look for 30th june  09.
Thanking you.
For www.stocksformula.com
(zahid latif)

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Title: MARKET OUT LOOK FOR 30TH JUNE 20

MARKET OUT LOOK FOR 30TH JUNE 2009.

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

NIFTY(4386)-

Market gave up lot of its gain in the last hour, that has

disturbed the momentum otherwise 4500 was on the

wall. If  it opens and trades above 4425,we may see

4500 anyway. On the other hand if it trades below 4400

for some time it may slip to 4330/4295 or even 4275.

 Up coming Union budget is playing heavily on the minds

 of market participants, we may see caution prevailing till then.

UNITECH(85.3)-

This stock like many other are stuck to a range due to lack of

volume. It has support at  80 and SL may be 75.Can move

 sharply once it closes above 90 with volume.

POLARIS(107.85)-

Support at 105 and 102 SL 95.Target 115.

RELIANCE(2087)-

Support at 2070 and 2005 SL 1950.Target 2147 and 2220.

PARSVNATH(88)-

Support at 85 and 82 SL 80. Target 94.

SUZLON(117)-

It has resistance at 121 and 124,beyond these target is 129.

If it trades below yesterdays close it may slip to 110 and 103.

In worst case scenario it has support at 90.

(ALL SL ON CLOSING BASIS)

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

 

 

 

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