Wednesday, June 9, 2010

MARKET OUTLOOK FOR 9TH JUNE 2010

Markets are expected open on a flat to negative note.
Tech stocks like Infosys and TCS can play spoil sport.

Infosys is weak below 2631.If Infosys moves below 2631 we can short Infosys for a target of 2600 and 2588.Keep 2650 as SL.TCS is weak below 741.Short TCS below 741 for an Intraday Target of 735/732.Keep a SL of 745.

In the second half of the trading day if Nifty moves below 4930,go short in Nifty with a SL of 4952 for a Target of 4905/4988