Market Outlook for 1st June, 2011

If you can’t sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level. Jesse Livermore:

Nifty Future:

Buy around 5530 with Stop at 5520. TGT 5575 – 5600 – 5635

Short around 5576 with Stop at 5590. TGT 5530

Stock Future:

Buy Bhusanstl above 463 with Stop at 455. TGT 475 – 480

Buy Reliance above 962 with Stop at 951. TGT 980 – 995

Buy Tata Steel above 596 with Stop at 587. TGT 610.

Happy Trading

C T Ramesh Raja