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Technical Market View

Tuesday, March 16, 2010

The Nifty Daily.

Market Outlook :


The Index has resistance at 17322 which is what we would be expecting very shortly ,
Markets did test 17240 will lesser volume. The Volatility Index $VIX for global markets is at its lowest.

There is resistance seen at 5165 on the Nifty , above 5165 we target 5180 and 5201 and 5220.

on the downside Nifty has support at 5067 and it is possible nifty could test 5015 if breaks below 5067.


Stocks To purchase


Buy Bharat Gears above Rs.55 only.

Buy Bharti Airtel with a target of Rs.309 (Intraday)

Birla Ericsson looks like a good buy

Buy cords cable

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