Market Outlook

January 6,2011

From the desk of
Dr.Ashwani Varshney

The Indian capital Marets are in a broad range of 5700- 6200 in nifty.Short term outlook apears positive as long as the nifty trades above 6030 level.In the next coming session nifty may touch 6110 levels .The next week will give the direction to the market as the quarterly results of the big giants are on cards. The IT index are showing strength and optimism that can give direction to  the market .Reversal from the 6030 levels on nifty confirms the bullish outlook.Buy on Dips as much as u can in the next session..

Recommendation for January 7 ,2011
1) Buy ICICI bank at 1050 s/l 1035 target 1080
2) our call of reliance industries rocking .one can hold or buy Reliance induetries for targets of 1120 s/l 1085.
3) Buy Hcl tech at 480 s/l 475 target 500.
4)Buy Ind hotel at101for the target of 106 s/l 99.


Good luck.