Market Outlook for 15th June, 2011

Jesse Livermore: “ Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting.”

Nifty Future:

Resistance around 5530 and crossover of 5545, it will move to 5595 – 5630

Support around 5473 and breaking 5463, it will fall to 5425 – 5395

Stock Future:

Short Mcdowells around 995 with Stop at 1003. TGT 977 – 960

Buy Reliance capital around 545 with stop at 535. TGT 556 – 570

Short Tata Motors below 988 with Stop at 999. TGT 971 – 963

Happy Trading

C T Ramesh Raja