Market Outlook for 25th July, 2011

Nifty Future:

Resistance around 5660 and crossover of 5671, it will move to 5725 – 5782

Support around 5586 and breaking 5562, it will  fall to 5520 – 5505

Stock Future:

Buy ICICI Bank above 1072 with Stop at 1061. TGT 1090 – 1110

MCX – Commodities

Crude:

Buy Crude above 4446 and add around 4429 with SLR at 4424. TGT 4490 – 4525.

After trade becomes active and if Stop is takenout, then it will fall to 4392 – 4365 – 4315

Silver:

Buy around 59320 and add around 59130. SLR 59075. TGT 59875 – 60240

Happy Trading

C T Ramesh Raja