Intraday outlook of Market for June 9, 2010

• Nifty Spot
  

Spot Nifty looking good for long only if cross 5000 for intraday today

Sell Nifty below 4990 with stop loss of 4995

Buy Nifty above 4995 stop loss 4990

• Bank Nifty
  

Spot Bank Nifty looking good for long only if cross 9260 for intraday today

Buy Bank Nifty above 9260 with stop loss of 9220

Short only below 9220 with stop loss of 9260

• ABAN
  

Buy Aban only above 662 stop loss of 659

Sell Aban only below 659 with stop loss of 662

• Reliance
  

Reliance as long as stay above 1008 looking good for intraday long

Buy Reliance only 1005 with stop loss 1002

Sell below 1000 with stop loss of 1005

• Weak Counter
  

(If selling comes than more panic could see in this counter)

Adani Enterprises

BEL

Godrej Industries

Hindustan Zinc

Jai Prakash Assoc

MTNL

Pirmal Health

SterLite

Tata Chemical

• Good Looking Counter
  

 

Cummins in

Praj Industries (stop loss 76 cash level)

In this counter I m bullish since Monday let c wat happen today now

 

Buy & sell level will give you as soon as possible on my blog & yahoo messenger my yahoo messenger id is mrnakar.