Market Outlook for 12th January, 2011

Nifty Future:

Resistance around 5814 and above 5820, it will move to 5860 – 5895 – 5920

Support around 5750 and below 5743, it will fall to 5710 – 5675 – 5625

Stock Future

BUY BHEL above 2252 with SL at 2237. TGT 2285 – 2305

Short Infosys around 3370 with SL at 3379. TGT 3320 – 3290 – 3255

Buy Mcdowells above 1307 with SL at 1295. TGT 1330 – 1350

Short Tata Motors below 1154 with SL at 1165. TGT 1130 – 1115

Happy Trading

C T Ramesh Raja