Market Outlook for 22nd August, 2011

Nifty Future:

Resistance around 4892 and crossover of 4898, it will move to 4935 – 4950

Support around 4811 and breaking 4805, it will fall to 4755 – 4725

Stock Future:

Short BGR Energy below 301 with Stop at 307. TGT 291 – 281

Short Tata Motors below 712 with Stop at 722. TGT 698 – 680

Happy Trading

C T Ramesh Raja