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Sunday, June 20, 2010

Intraday outlook of Market for June 21, 2010

  • Nifty Spot

Spot Nifty looking good for long only if cross 5330 for intraday today

Buy Nifty above 5331 with stop loss of 5323

Sell Nifty below 5320 stop loss 5331 down side target is 5290 below that 5260

(Buy nifty around 5265 or 5260 with stop loss of 5255)

  • Bank Nifty

Spot Bank Nifty looking good for long only if cross 9700 for intraday today

Buy Bank Nifty above 9701 with stop loss of 9680

Short only below 9680 with stop loss of 9701 target around 9630

  • ABAN

Buy Aban only above 745 stop loss of 741

Sell Aban only below 741 with stop loss of 745

  • Reliance

Reliance as long as stay above 1070 looking good for intraday long

Buy Reliance only 1070 with stop loss 1065

Sell below 1064 with stop loss of 1069

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