Market Outlook for 18th August, 2011

Nifty Future:

Resistance around 5113 and crossover of 5119, it will move to 5157 – 5205

Support around 5021 and breaking 5018, it will fall to 4970 – 4945

Stock Future:

Short Aban around 373 with Stop at 381. TGT 353 – 340

Buy Infy above 2452 with Stop at 2436. TGT 2479 – 2510

Buy JublFood above 953 with Stop at 942. TGT 970 – 985

MCX – Commodities

Crude: (Sept)

Buy above 4021 with SLR at 4000. TGT 4066 – 4096

Short below 3941 with SLR at 3961. TGT 3896 – 3867

Gold – (OCT):

Resistance around 26428 and crossover of 26454, it will move to 26520 – 26645 – 26725

Support around 26298 and breaking 26274, it will fall to 26197 – 26135 – 26020

SilverM:

Buy around 60350 and add around 60165 with SLR at 60105. TGT 60905 – 61275 – 61895

Happy Trading

C T Ramesh Raja