01 July 2013

On the Indian Stock market..

The market has turned strong once again and must remain so for another session if the benchmark index trades above 5814 in the session, in which case the Nifty will meet resistance at 5851 and 5880. 
In case of trades below the 5814 mark, the immediate supports are at 5811 and 5776. 
Our outlook continues to be bullish for the day and the intra-day traders may continue to be on the long side with stop loss at around 5744.
Medium term investors may continue to bid the key index stocks at the prices indicated in our earlier post. 

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