Market Look - 7-12-07

Market is expected to open on a positive note today following the strong global indices. Trade long in Nifty if it sustains above 6020 levels for upside targets of 6070 and 6150 levels. Alternatively one can assume long positions from lower supports of 5950 and 5900 levels with a final intraday stop loss placed below 5870 levels.

NIFTY(5954.70)- Resistance-6015,6075 Support-5907,5859

Intraday Recommendations:

Buy Bharti @ 940 sl 928 Tgt 1020
Buy Empee Distilleries @ 311.50 Sl 309 Tgt 319

Buy Ranbaxy @ 397 sl 389 Tgt 450

F&O Recommendation: (POSITIONAL)

BUY DEC FUT-RPL ABOVE 234 TARGET 240,244 SL 229

All the best.......Happy Trading.......