Market Outlook for 6th January, 2011

Nifty Future:

Resistance around 6128 and above 6147, it will move to 6177. For crossover of 6147, Trailing stop should be 6121.

Support around 6090 and below 6084, it will fall to 6063 – 6020 – 5995. Breaking 6084, Trailing stop should be 6110.

Stock Future

Aban:

Resistance around 814 and crossover of 817, it will move to 828.

Support around 787 and breaking 777, it will fall to 755 – 735

ONGC:

Resistance around 1282 and crossover of 1293, it will move to 1305 – 1315 – 1325

Support around 1265 and breaking 1260, it will fall to 1245 – 1230

C T Ramesh Raja