Calls for 16th july

RESEARCH-Nifty(FUT) R-4285/4335/4475 S-4200/4150/4065;Sensex(CASH)
R-14400/14555/14965 S-14145/13995/13735;MARKET OUTLOOK:VOLATILE WITH
+VE BIAS

RESEARCH: MARKET OUTLOOK: The market sentiments somewhat twisted positive on the back of finance minister’s comments on divestment policy and firm global markets. At the same time, technically, NIFTY ended above 20 days DMA (4230) suggesting positive sign, hence NIFTY can move towards 4360 and 4440 levels. Market may open with an upside gap backed by firm global markets and it can be expected to trade sideways thereafter. The NIFTY has immediate resistance at 4250 and 4292. If it breaks 4326 levels, it could test 4360 levels. On the down side, the support comes in at the 4155 and 4126 levels. Trade cautiously as profit booking can be expected at any time.

9:40 AM 7/16 RESEARCH-Global Market (in %): DOW JONES (+3.07%), S&P 500 (+2.96%), NASDAQ (+3.51%), FTSE (+2.57%), DAX (+3.07%), NIKKEI (+1.43%), HANG SENG (+1.89%) & SGX NIFTY (+56 POINTS)

11:13 AM 7/16 RESEARCH: LT Q1'10 PAT (INCREASED BY 165.45%) AT 1598 CR VS 602 CR(YOY)

12:41 PM 7/16 RESEARCH: EUROPEAN MARKET UPDATE : FTSE(-0.3%), DAX (-0.4%), CAC (-0.3%)

2:12 PM 7/16 RESEARCH - INTRADAY CALL ( CASH ) : ZEEL TGT ACHIEVED. GIVEN A INTRADAY RETURN OF 7.1%