Dear Sir.
Plz find attached market out look for 14 th july 09.
FOR
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 14 TH JULY 2
MARKET OUT LOOK FOR 14 TH JULY 2009.
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NIFTY(3976)-
Market fell for sixth consecutive days post budget,
the opening below 3977 did not allow any remarkable
recovery. Today if Nifty trades above 3952 some time
further down side can be avoided, on the up side
4060 is a strong resistance, closing above this
is positive. Presently market is in profit taking mode
so all new long positions must be avoided and any
bounce must be taken as an opportunity to exit. How ever
investors willing to hold for next 3/4 months have nothing to
worry.
HCLTECH(185)-
Target 189.Support at 178 and 174 SL170.
UNIPHOS(140)-
Target 148.Support at 37 and 35 SL 133.
CHAMBLFERT(49.85)-
BUY- SL 46 Ist target 53 and 2nd 59.
SUZLON(80.45)-
If it trades above 80 may move up to 87.
SL at 77 is must as there is more down side
left.
IDFC(117)-
if it trades over 117 (2/3hrs) it can move to
123 and 125.SELL at 130 SL 135 for a target
of 110 in next few days.
(ALL SL ON CLOSING BASIS)
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