Market Outlook for 1st July, 2011

Nifty Future:

Resistance around 5700 and crossover of 5703, it will move to 5723 – 5760

Support around 5655 and breaking 5645, it will fall to 5610 – 5580

Stock Future:

Short Acc below 946 with Stop at 957. TGT 929 – 910

Short BPCL around 663 with Stop at 667. TGT 651 – 643

Buy HDFC Bank above 2519 with Stop at 2502. TGT 2555 – 2580

Happy Trading

C T Ramesh Raja