Market Outlook for 21st July, 2011

Today is Make or Break for Nifty Future

Nifty Future:

Resistance around 5575 and crossover of 5585, it will move to 5620 – 5635

Support around 5555 and breaking 5537, it will  fall to 5505 – 5470

Stock Future:

Short Axis Bank below 1259 with Stop at 1271. TGT 1240 – 1220

Short BHEL below 1954 with Stop at 1969. TGT 1940 – 1930

Short HDFC Bank below 501 with Stop at 509. TGT 490 – 475

Happy Trading

C T Ramesh Raja