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Thursday, June 17, 2010

Intraday outlook of Market for June 18, 2010

  • Nifty Spot

Spot Nifty looking good for long only if cross 5290 for intraday today

Buy Nifty above 5290 with stop loss of 5284

Sell Nifty below 5280 stop loss 5290 down side target is 5255

(Risky traders buy around 5250 to 5255 ranges with stop loss of 5240)

  • Bank Nifty

Spot Bank Nifty looking good for long only if cross 9600 for intraday today

Buy Bank Nifty above 9600 with stop loss of 9570

Short only below 9560 with stop loss of 9590

  • ABAN

Buy Aban only above 739 stop loss of 736

Sell Aban only below 735 with stop loss of 739

  • Reliance

Reliance as long as stay above 1085 looking good for intraday long

Buy Reliance only 1085 with stop loss 1083

Sell below 1082 with stop loss of 1085

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