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    Market Update - 17/9/2010


    Nifty witnessed a high volatile session and in the end closed in the red zone.

    Nifty could not sustain above 5900. Today we might see some consolidation in the market.

    In the downside it may get the immediate short term support close to the level of 5750 to 5760. For Day traders we recommend buy on dips Nifty future with a stoploss of 5750 for the target of 6000.

    Major trend is up and better to play long side, with STRICT STOPLOSSES

    Stocks in Lime Light : HCL TECH, BPCL & IOC, GAIL