Market Outlook for 24th January, 2011

Nifty Future:

Resistance around 5724 and crossover of 5730, it will move to 5755 – 5785. Above 5730, Trail stop at 5705

Support around 5645 and breaking 5640, it will fall to 5585 – 5550. Below 5640, Trail Stop at 5665.

Stock Future

Short ACC around 998 with Stop at 1003. TGT 980 – 960

Short Infosys around 3260 with 3278. TGTĀ  3230 – 3200

Happy Trading

C T Ramesh Raja