tommorrows view

Today(16-6-10)Nifty opened at 5256 with a gain of 34 points, moved in the narrow range of 5215 - 5256 and closed at 5233 with a gain of 11 points. Nifty futures range was 5211 - 5249, a difference of 38 points only. Today's Nifty closing is below the Upward breakout level for the day at 5257 and hence anticipate downward movement tomorrow.

Tomorrow'sUpward breakout level is at 5306

MAGIC POINTS ARE 5257 and 5207

MACD histogram starts getting buried deep below zero indicating that the bullish trend is nearing its end, giving caution to the long trades. Trend position locks close to 150 points as the value zone moves up at 5184- 5216

REALITY SECTORS RALLY FOR LAST TWO DAYS.THIS WILL CONTINUE FOR NEXT TWO WEEKS WITH LITTLE JERKS.BUY IN DIPS AND SELL IN
RALLY

HUGE NEGATIVE FOR PSU SECTOR STOCKS SELL IN EVERY RISE AND BOOK PROFITS IN DIPS.

HUGE POSITIVE FOR PHARMA SECTOR BUY IN DIPS AND BOOK PROFITS IN RALLY.

SUDDEN DROP OF 100POINTS IS ON CARDS.

OUT PERFORMERS FOR 17/06/2010
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PHARMA FERTILIZES SUGARS & IT

UNDER PERFORMERS FOR 17/06/2010
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BANKS FINANCE AND MID-CAP STOCKS.

EXPECTED RANGE FOR 17/06/2010.
5111-5266

RESISTANCE FOR 17/06/2010.5249/5266

SUPPORTS FOR 17/06/2010.5177/5155/5111

Bank Of India

Sell below 329 for a target price of Rs 324-320 with stop loss of Rs 334.

Tata Communications

Buy around 253-254 for a target price of Rs 263-270 with stop loss of Rs 248.

TCS

Buy above 781 for a target price of Rs 792-803 with stop loss of Rs 770