Market outlook for 06/11/09

NIFTY Technical
Current Spot: 4765.55
Pivot: 4717.50
3DEMA: 4726
7DEMA: 4762
100DEMA: 4772
RSI (14 days): 42.42
Supports: 4659 - 4552
Resistance: 4824 - 4883

Target Nifty
Sell NF Below @ 4741 and 4712 Target 4652-4518 to 4317.SSL - 4792
Buy NF Above @ 4792 and 4812 Target 4853-4919 to 4977.SSL - 4741
Buy Bank Nifty Above 8555 for Targets of 8627, 8673, 8718 SL – 8500

Stock Ideas for the Day
Reliance Industries: Buy above 1956 for targets of 1980, 1996 SL of 1946
TataTea: Buy above 865.5 for targets of 870, 884 SL of 855
RelMedia: Buy above 277 for targets of 283, 288 SL of 271
Reliance Capital: Buy above 805 for targets of 823, 836 SL of 788
M&M: Buy above 959 for targets of 969, 981 SL of 949

Positional Call
Wockhardt Limited (Short term target- 250)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators

Call 09831497250 or mail us @ S&P Wealth Creators with your Name and Mobile No. for subscription offer of intraday calls during Market hours.

Disclaimer
The calls given here are My Personal views, trading or investing in stocks is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. S&P Wealth Creators will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert’s stock analysis or opinion.