Market Outlook- As for 9th June’ 2011 we had given the range 5510-5552 for Nifty and it breaks the lower band it touched the level of 5502 and closed at 5521 showing the weakness in the index with the formation of bearish harami pattern which has been confirmed today. Next session’s range for the Nifty may be 5495- 5552 and the resistance for the Nifty may be at 5571 and the crucial resistance will be at 5608.The support for the Nifty if breaks below 5495 may be at 5479.The crucial support level will be at 5458 for the day. Bank Nifty is again expected to trade in the range 10660-10860. If sustains above this range it may face resistance at 10960-11160 while 11575 may act another strong support level.

ONGC on exploration drive for gas extraction in Tripura: ONGC has launched a massive exploration drive for gas extraction in Tripura to meet the requirement of 726 MW gas-based thermal power project at Palatana in South Tripura, which is scheduled to start power generation by December 2012.

Maruti strike: Production loss at 4,200 units: A strike at car maker Maruti Suzuki's Manesar plant entered its sixth day on Thursday, causing a production loss of 4,200 vehicles.