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Monday, May 17, 2010

Intraday outlook of Market for May 18, 2010

  • Nifty Spot

Spot Nifty looking good as long as 5035 for intraday today

Sell Nifty below 5035 with stop loss of 5040

Buy Nifty above 5040 stop loss 5035 for target of 5070

  • Bank Nifty

Bank Nifty also looking good as long as stay above 9480

Buy Bank Nifty above 9480 with stop loss of 9470

Short only below 9470 with stop loss of 9480

  • Bhel

Buy Bhel with stop loss of 2280

Sell Bhel only below 2280 with stop loss of 2290

  • Reliance

As long as Reliance stay above 1008 it looooking gooood for intraday today

Buy Reliance only 1014 with stop loss 1008

Sell Below 1008 with stop loss of 1014

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