Market Outlook for 7th July, 2011

Nifty Future:

Resistance around 5655 and crossover of 5668, it will move to 5725 – 5745

Support around 5599 and breaking 5582, it will fall to 5560 – 5505

Stock Future:

Buy HDFC above 720 with Stop at 711. TGT 735 – 750

Short ICICI Bank below 1081 with Stop at 1092. TGT 1063 – 1043

Happy Trading

C T Ramesh Raja