Dear Sir.
Attached here with market out look for 16 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 16TH JULY 20
MARKET OUT LOOK FOR 16TH JULY 2009.
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NIFTY(4245)-
We had written here yesterday "4200 is on cards
and 4250 will be a major hurdle'; and that how was
the market today. Since volume was satisfactory
and Nifty closed at day's high one can expect it
over haul 4250,next target in that case will be
4350 and 4385.On the down side Nifty must trade
over 4170,fall below this can dampen the momentum
and next support can come at 4080.This is a stock
specific market and for some time it may be safe
to avoid index heavy weights.
UNITECH(74.15)-
Target for today can be 77 and trading above this
83.Support at 71 and 69 SL67.
SUZLON(94.10)-
If it trades below 93 it may 90 and 86.Above 95 it
can touch 100.SL must be 85.
IFCI((45.15)-
Stock climbed 8% with good volumes, today if
it trades above 44,it can touch 49 and 52.Support is
41 and SL 39.
IDFC(141)-
SELL AT 145 SL 150.Target 133.
CIPLA(273)-
Support at 271 and 269 SL 267. 1stTarget 280 and
next 285.
(ALL SL ON CLOSING BASIS)
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