NIFTY DAILY OUTLOOK (21-07-10)
We are expecting the corrective rise of the yesterday's decline till 12.00 noon. The characteristics of this rise will provide further insight into the second half. If corrective rise could not go up beyond 5385 then expect the down trend to resume in second half. If corrective rise crosses 5385 then expect it go till 5415 & if 5420 is crossed then we are expecting a new high above 5453.

(1)SELL DLF above 325 preferably around 330 with 338 as stop for the target of 285-300 in next 10 days.

(2)SELL HINDALCO around 154-155 with the stop of 158 for the target of 142 in next 10 days.



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