NIFTY DAILY OUTLOOK (23-09-10)
We see nifty opening with flat to slight negative bias. As the day progresses it will head for the 6080-6100 range till 2.00 p.m. We see a major wave completion & consequently a sharp downside reaction. In our estimate this correction should last for 2-3 days & terminate in & around 5900.
(1)BUY ZEEL AT 305 WITH THE STOP OF THE 300 FOR THE TARGET OF 325-330.
(2)BUY SBIN AT 3155 WITH THE STOP OF 3120 FOR THE TARGET OF 3300 & ABOVE.
3)BUY SILVER DEC FUTURE MCX AT 32400 WITH THE STOP OF 32275 FOR THE TARGET OF 32800 & ABOVE.
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