The markets
are likely to open gap down due to weak global cues on
account of the CRR hike by RBI and poor US economic data. US
markets have ended down by 1.4% or almost 200 points,
while Nikkei and Hang Seng are down by 250 and 350
points respectively. FIIs have been net sellers on
Thursday to the tune of Rs 1670 crores (provisional).
Meanwhile, crude oil has further inched up and is
currently trading at $96.9 a barrel.
.............
TECHNICAL TRENDS 21 Mayl 2008
NIFTY is currently trading
at 4958 and in near future it will find support at 4830 and 4800. Once
market remain above 5510 then we will see some more gain in the
NIFTY with target of 5680 and 6750. While on BSE the broad trading range is
15000 - 17900. Sensex will take support at 15900 and 15150 On the upward
side the resistance is at 17700 and 17950. These are broad trading range
and investors and traders are advised to go for day to day developments
to choose their trading strategies. We provide stock picking keeping all
factors in mind on daily basis.
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Scrolling Text
Sterlite (BUY)
Target Price: 580Sector: Non ferrous Metal
Outlook:
Positive due to robust growth in metal
business and other multi products offering. Price:345-340
MARKET
OUTLOOK 
NIFTY is currently trading
at 4958 and in near future it will find support at 4830 and 4800. Once
market remain above 5510 then we will see some more gain in the
NIFTY with target of 5680 and 6750. While on BSE the broad trading range is
15000 - 17900. Sensex will take support at 15900 and 15150 On the upward
side the resistance is at 17700 and 17950. These are broad trading range
and investors and traders are advised to go for day to day developments
to choose their trading strategies. We provide stock picking keeping all
factors in mind on daily basis.
