Market Outlook for 16th August, 2011

Nifty Future:

Short around 5165 with Stop at 5182. TGT 5127 – 5110 – 5082

Stock Future:

Short Aban below 402 with Stop at 409. TGT 390 – 380

Short ICICI Bank below 935 with Stop at 946. TGT 918 – 900

Short Reliance Infra below 476 with Stop at 484. TGT 465 – 452

MCX – Commodities

Crude:

Buy above 3942 with SLR at 3922. TGT 3987 – 4017

Gold – (OCT):

Resistance around 25833 and crossover of 25847, it will move to 25965 – 26040

Support around 25656 and breaking 25643, it will fall to 25530 – 25455

SilverM:

Buy above 58918 and add around 58795 with SLR at 58674. TGT 59465 – 59830

Happy Trading

C T Ramesh Raja