Dear Sir.
            Plz find attached market out look for 2 nd July 09.
For www.stocksformula.com
(zahid latif)

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Title: MARKET OUT LOOK FOR 2ND JULY 09

MARKET OUT LOOK FOR 2ND JULY 09.

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

NIFTY(4340)-

Market made a smart recovery even after

 breaching crucial level of 4267,now it seems

is heading towards 4395 or 4420.Couple of closes

above 4420 can ensure a upmove,which is very

unlikely in the near future(3/4days).On the down

side 4317 is  very important, then support is at 4300.

If 4280 is protected for next two days it can be positive

and closing below this can  restart the correction.

NIITLTD(71)-

Support at 68,66.5 and 64.5 and SL61.Target 78.

SCI(134)-

Support 127 and 125 SL 124.Target 140.

RNRL(82.6)-

SELL AT 87 SL 91.Target 80.

HDIL(236)-

Support at 231 and 227 SL 223.1st target 242 then

253 and 258.

IDBI(109.5)-

SELL 114 SL 117.Target 105.

(ALL SL ON CLOSING BASIS)

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