Daily View

RESEARCH -Nifty (FUT) R- 4270/4320/4400 S- 4190/4140/4010; Sensex
(CASH) R- 14420/14575/14820 S- 14175/14025/13625; MARKET OUTLOOK:
NEGATIVE BIAS (9:00A)

(6/23/2009 9:46:24 AM): RESEARCH: MARKET OUTLOOK: Overall market trend is likely to remain uptrend. If NIFTY breaks the key support level of 4092 on daily closing basis, then the downtrend decider can be expected to capture the market. As for intraday’s trade, the support zone for NIFTY is seen at 4206 and 4189. Below 4115 levels, then it could test at 4092. On the higher side, the resistance will be at 4266 and 4300. Banking stocks are looking more demand and investors are advised to buy on every dip.volatility may remain high ahead of F&O expiry.

6/23/2009 9:47:45 AM): RESEARCH-Global Market (in %): DOW JONES (-2.35%), S&P 500 (-3.06%), NASDAQ (-3.35%), FTSE (-2.57%), DAX (-3.02%), NIKKEI (-2.9%), HANG SENG (-3.18%) & SGX NIFTY (-80 POINTS)

(6/23/2009 12:05:32 PM): RESEARCH- INTRADAY CALL (CASH) : BUY RPOWER ABOVE 170 TGT 175 SL 167.50

(6/23/2009 1:32:17 PM): RESEARCH - INTRADAY CALL ( CASH ) : SHORT SELL IVRCLINFRA BELOW 288 TGT 275 SL 294