Intraday outlook of Market for July 1, 2010

• Nifty Spot
  

Spot Nifty looking good for long only if cross 5275 for intraday today

Buy Nifty above 5275 with stop loss of 5265 1^st target around 5285 & if sustain above 5285 & 5290 for 10 min than think to increase in qty

Sell Nifty below 5260 stop loss 5268

• Bank Nifty
  

Spot Bank Nifty looking good for long only if cross 9415 for intraday today

Buy Bank Nifty above 9415 with stop loss of 9390

Short only below 9390 with stop loss of 9415

• ABAN
  

Buy Aban only above 848.50 stop loss of 842

Sell Aban only below 839 with stop loss of 848

• Reliance
  

Reliance as long as stay above 1084 looking good for intraday long

Buy Reliance only 1084 with stop loss 1075

Sell below 1070 with stop loss of 1076