Market Outlook for 21st June, 2011

Nifty Future:

Resistance around 5296 and crossover of 5314, it will move to 5342 – 5388

Support around 5260 and breaking 5255, it will fall to 5215 – 5170

Stock Future:

Short ABGSHIP below 357 with Stop at 364. TGT 347 – 334

Short LICHSGFIN below 219 with Stop at 224. TGT 210 – 200

Short Reliance capital around 525 with Stop at 533. TGT 512 – 502

Happy Trading

C T Ramesh Raja