MARKET OUTLOOK VALID FOR 30. 08. 2010

In the next session, IF nifty sustained below 5390 it may test 5290. 5460 may act as a strong resistance level. Traders are suggested to sell at gains as long as NIFTY is trading below 5460 and SENSEX is trading below 18265. REAL ESTATE, METALS and AUTO may face selling pressure while POWER and FMCG may attract buying.

Stock of the Day

GARWALLROP (NSE Code) Signal : 13 DAYS MOVING AVERAGE CURVE CROSSED WITH VERY HIGH VOLUME Stop Loss : 73 Target : 93 (Short term)

CALL FOR THE DAY	Stock Pick Of The Day
SELL NIFTY FUTURE AROUND 5390 SL  5420   TRG  5350-5300 SELL BANKNIFTY FUT BELOW 10691 SL  10730  TRG  10650-10610	NIFTY Future Buy            5439           5432           5468            5524           5560 Short Sell   5408 5437 5382 5345 5290

                  

BREAK –OUT  INTRA  DAY  TRADES

Signal                 Price      SL     T-1      T-2	Signal                 Price    SL     T-1       T-2
BPCL BUY      ABOVE 782    775    799    825 S.SELL BELOW  773    780    755    730	INDSWFTLAB BUY     ABOVE  127    124.5 131.5 136 S.SELL BELOW  124    125.5 121    115
ESCORTS BUY     ABOVE  197    195    200    205 S.SELL BELOW  194    196    191.5 186	FDC BUY     ABOVE  105.5 102    110.9 117.1 S.SELL BELOW  101.5 103    97      88.5
PFC BUY     ABOVE  343    339    345    350 S.SELL BELOW  337    342    332    328	SPICEMOBIL BUY     ABOVE  84      83      86.5   89 S.SELL BELOW  82.5   83.6   80.5   77