Intraday outlook of market for April 29, 2010

1. Nifty :-
   

Nifty looking weak as long as long stay below 5240

Short nifty with stop loss of 5250

Buy Nifty above 5240 with stop loss of 5230

1. Bank Nifty
   

Bank Nifty Looking weak below 9700

Short Bank Nifty below 9680 with stop loss of 9700

Buy Bank Nifty Above 9700 with stop loss of 9680

1. Aban
   

Aban if holding 1180 than good for intraday today

Buy ABAN above 1181 with stop loss of 1175

Short ABAN below 1179 with stop loss of 1187

1. Bhel
   

Bhel Looking weak for short term (short on rise is strategies)

Bhel Short Below 2475 with stop loss of 2480

Buy BHEL only above 2480 with stop loss of 2470

1. Cipla
   

Cipla Looking Very good for short term for long buy in deep

Cipla buy above 339 with stop loss of 337