03 November 2010

Techcheck Daily: Nifty 6150-6170 are levels to watch out:: Emkay

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Techcheck Daily
Nifty 6150-6170 are levels to watch out

n     Chart of the Day: Reliance; stock fails to breakout once again, minor correction back till 950-1000 likely, stiff resistance around the 1100-1120 range
n     Nifty 6150-6170 remains a short term hurdle, expect upside momentum to pick up once the range is broken on a closing basis
n     Nifty the medium term uptrend remains intact, target 6500, hence short term dips if any can be used for buying
n     Stocks with positive short term view:
n     Cipla, ACC, Biocon, TNPL, IIFL, ICICI Bank, Infosys
n     Stocks with negative short term view:
n     Reliance, Tata Chemical, Yes Bank, BOB

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