Market Outlook for 23rd August, 2011

Nifty Future:

Resistance around 4954 and crossover of 4961, it will move to 5000

Support around 4867 and breaking 4856, it will fall to 4823 – 4765

Stock Future:

Buy ICICI Bank above 854 with Stop at 844. TGT 870 – 885

Short Infy below 2199 with Stop at 2215. TGT 2173 – 2143

Happy Trading

C T Ramesh Raja