Market Outlook for 29th December, 2010

Nifty Future:

Buy around 6010 with SL at 5982. TGT 6060 – 6095

Short below 5982 with SL at 6022. TGT 5900 – 5865

Stock Future:

Buy Bombay Dyeing around 512 with SL at 503. TGT 527 – 550

Short JSW Steel around 1155 with SL at 1173. TGT 1100 – 1070

Note: If stop is takenout, then Trend Reversal will take place.

Happy Trading

C T Ramesh Raja