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

Visit http://indiaer.blogspot.com/ for complete details �� ��

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