Sunday, June 14, 2009

Weekly outlook June 15 - June 19

NIFTY


Nifty has made a long legged doji on weekly charts.


For next week nifty resitances are placed at 4670 and 4750 while supports are placed at 4475 and 4365.


Sultan of Stocks - Reliance Industries


Reliance has closed in a high resitance zone this week.


Unable to trade above weekly resistance level of 2395, bears will attack RIL and take it down to 2155 and 2090


King of Banks - SBI


If SBI .is unable to trade above 1695 next week, expect SBI to drift down to support level of 1540 and 1500


Oil Barron - ONGC


Weekly resistance for ONGC are placed at 1150 and 1200 while weekly supports are placed at 1060 and 1025.

World Markets (delayed)