Market Outlook for 10th January, 2011

Nifty Future:

Resistance around 5963 and above 5973, it will move to 5998 – 6040

Support around 5908 and below 5902, it will fall to 5866. Final Support at 5843 and breaking this, there could again be a sharp fall.

Stock Future

Short Axis Bank between 1295 to 1300 with SL at 1310. TGT 1270 – 1255 – 1240

Short Dr Reddy below 1672 with SL at 1686. TGT 1642 – 1622

Short Rel Infra below 831 with SL at 841. TGT 810 – 800

Short Yes Bank below 273 with SL at 279. TGT 260 – 255

Happy Trading

C T Ramesh Raja