Intraday outlook of Market for June 8, 2010

• Nifty Spot
  

Spot Nifty looking good for long only if cross 5050 for intraday today

Sell Nifty below 5030 with stop loss of 5038

Buy Nifty above 5038 stop loss 5030

• Bank Nifty
  

Spot Bank Nifty looking good for long only if cross 9340 for intraday today

Buy Bank Nifty above 9290 with stop loss of 9280

Short only below 9280 with stop loss of 9290

• ABAN
  

Buy Aban only above 678 stop loss of 674

Sell Aban only below 674 with stop loss of 678

• Reliance
  

Reliance as long as stay above 1013 looking good for intraday long

Buy Reliance only 1010 with stop loss 1007

Sell below 1007 with stop loss of 1010