Market Outlook for 12th July, 2011

Nifty Future:

Resistance around 5640 and crossover of 5659, it will move to 5689 – 5735

Support around 5573 and breaking 5558, it will fall to 5487 – 5450

Market Profile Chart of Nifty Future hinting the Probable Support and Resistance Levels:

Stock Future:

Short Bank Baroda below 873 with Stop at 883. TGT 856 – 838

Short Reliance Capital below 575 with Stop at 584. TGT 562 – 550

Short SBI below 2433 with Stop at 2450. TGT 2406 – 2375

Happy Trading

C T Ramesh Raja