Market Outlook for 11th August, 2011

Nifty Future:

Resistance around 5177 and crossover of 5194, it will move to 5222 – 5270

Support around 5098 and breaking 5080, it will fall to 5052 – 5007

Stock Future:

Short Bank India around 353 with Stop at 360. TGT 343 – 333

Short Dr Reddy below 1475 with Stop at 1488. TGT 1455 – 1430

Short Reliance capital below 451 with Stop at 459. TGT 439 – 426

Happy Trading

C T Ramesh Raja