Dear Sir.
            Find attached  herewith market out look for 24 th July.
Thanking you.
For
www.stocksformula.com
(zahid latif

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Title: MARKET OUT LOOK FOR 24 TH JULY 2

MARKET OUT LOOK FOR 24 TH JULY 2009.

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

NIFTY(4523)-

As we predicted yesterday Nifty traded above

4445 the whole of the session and penetrated

both the barriers of 4470 and 4500.Today further

up move will take the markets till 4600,but staying

there may difficult. On the down side 4493 is  the 

the level to watch, trading below this can push market

to 4430.Markets are expected to trade side ways with

upward bias.

RELIANCE(2041)-

The key player in the index movement is lacking in

volume for past few days, today it looks like touching

2090 and 2100.It has support at 2028 and 1990 SL1960.

ROLTA(139.25)-

1stTarget 145 2nd 150.Support at  135 and 133

 SL 130.

JPHYDRO(82.20)-

SELL AT 84 SL 86.Target 78.

IDEA(78)-

Support at 76 SL 74.Target 80.

HINDALCO(90.8)-

Support at 87 SL 85.Target 95.

(ALL SL ON CLOSING BASIS)

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