Market Outlook for 12th August, 2011

Nifty Future:

Resistance around 5166 and crossover of 5186, it will move to 5223 – 5268

Support around 5131 and breaking 5126, it will fall to 5086 – 5041

Stock Future:

Short BHEL around 1775 with Stop at 1787. TGT 1755 – 1730

Buy HDFC above 686 with Stop at 677. TGT 700 – 715

Short SBI around 2275 with Stop at 2286. TGT 2225

Happy Trading

C T Ramesh Raja