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Wednesday, May 19, 2010

Intraday outlook of Market for May 19, 2010

  • Nifty Spot

Spot Nifty looking good only above 4965 for intraday today

Sell Nifty below 4960 with stop loss of 4970 or 4975 for target of 4935 & 4905

Buy Nifty above 4965 stop loss 4960

  • Bank Nifty

Bank Nifty looking good only if stay above 9200 or 9220

Buy Bank Nifty above 9220 with stop loss of 9190

Short only below 99190 with stop loss of 9920

  • ABAN

Buy Aban only above 720 stop loss of 715

Sell Aban only below 716 with stop loss of 721

  • Reliance

As long as Reliance stay above 1005 it looooking gooood for intraday today

Buy Reliance only 1006 with stop loss 1002

Sell Below 1002 with stop loss of 1010

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