Market Outlook for 9th June, 2011

“If you don’t know jewelry, know the jeweller”. Warren Buffet

Nifty Future:

Resistance around 5555 and crossover of 5562, it will move to 5630 – 5645

Support around 5499 and breaking 5493, it will fall to 5440 – 5405

Stock Future:

Short Bhusanstl below 437 with Stop at 445. TGT 425 – 415

Short HDFC Bank around 2365 with Stop at 2376. TGT 2342 – 2310

Short SBI around 2324 with Stop at 2334. TGT 2295 – 2265

Happy Trading

C T Ramesh Raja