Market Outlook for 4th January, 2011

Nifty Future:

Resistance around 6223 and above 6233, it will move to 6275 – 6310.

Support around 6160 and below 6150, it will fall to 6130 – 6100

Stock Future for swing trade:

Buy Axis Bank around 1370 with SL at 1351. TGT 1415  and above 1423, it will move to 1460.

Buy Maruti around yesterday’s close of 1436 with SL at 1417. TGT 1475 – 1495

Happy Trading

C T Ramesh Raja