Market Outlook for 22nd July, 2011

Again repeating… Until BULLS conquer 5671, market will continue to be in weak zone.

Nifty Future:

Resistance around 5622 and crossover of 5634, it will move to 5687 – 5725

Support around 5550 and breaking 5538, it will  fall to 5485 – 5450

Stock Future:

Buy HDFC above 702 with Stop at 692. TGT 714 – 728

Short Hero Honda around 1821 with Stop at 1828. TGT 1780 – 1765

Buy Rel Infra above 579 with  Stop at 571. TGT 592 – 606

Happy Trading

C T Ramesh Raja