Market Outlook for 28th July, 2011

Nifty Future:

Resistance around 5553 and crossover of 5571, it will move to 5600 – 5630

Support around 5518 and breaking 5512, it will fall to 5470 – 5425

Stock Future:

Short LT below 1745 with stop at 1759. TGT 1722 – 1700

Short Rel Infra below 562 with Stop at 570. TGT 549 – 536

Short Tata Motors below 951 with Stop at 961. TGT 934 – 917

MCX – Commodities

Crude:

Buy above 4421 with Stop at 4399. TGT 4468 – 4500

Short below 4337 with Stop at 4359. TGT 4290 – 4259

Gold:

Buy above 23296 and add around 23260 with SLR at 23248. TGT 23405 – 23478

Short below 23103 and add around 23140 with SLR at 23152. TGT 22995 – 22925

SilverM:

Short at 59945 and add around 60100 with SLR at 60191. TGT 59395 – 59025

If stop of 60191 is takenout, then on upside it can move to 60660 – 60865

Happy Trading

C T Ramesh Raja