Dear Sir.
            Please find attached herewith market out look for 17 th JULY
09.
Thanking you.
www.stocksformula.com
(zahid latif)

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Title: MARKET OUT LOOK FOR 17 TH JULY 2

MARKET OUT LOOK FOR 17 TH JULY 2009.

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

NIFTY(4231)-

Nifty opened very firmly with a gap but failed

to sustain as there was no follow up buying at

higher level. Today if market trades above 4246

it may face resistance at 4278,beyond this only

further up move is possible, in that case next target

is 4350 and 4380.On down side if market trades below

4230 it will look for support at 4170 and 4110.Few

 closes below 4100 is bearish similarly couple of more

closes above 4200 will pave the way for upside.

UNITECH(74.7)-

It met our target(77)  predicted yesterday, today

if it trades over 76 for at least one hour 83 is possible.

It  may even fall   to support level at 70.8 and 67,

before making the up move. SL 65.

BALRAMPURCHIN(101)-

Support at 99 and 96 SL 93.Target 108.

UNIPHOS(152.6)-

Target 162.Support at 145 and 143 SL 140.

RNRL(80.35)-

Support at 75 SL 71.Ist target 85 and 89.

SAIL(159)-

It has strong support at 153 SL 147.Target 170.

(ALL SL ON CLOSING BASIS)

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

 

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