Market Outlook for 29th August, 2011

Nifty Future:

Resistance around 4774 and crossover of 4777, it will move to 4820 – 4860

Support around 4692 and breaking 4690, it will fall to 4640 – 4605

Important Time for Nifty Future:

10 to 10.30 Bar high and Low

Stock Future:

Short LT below 1540 with Stop at 1553. TGT 1518 – 1498

Short Infy below 2209 with Stop at 2225. TGT 2183 – 2153

MCX – Commodities

Crude: (Sept)

Buy above 3957 with SLR at 3936. TGT 4001 – 4031

Gold – (OCT):

Buy above 27662 with SLR at 27608. TGT 27858 – 27990 – 28070

SilverM:

Buy above 64353 with SLR at 64099. TGT 64925 – 65307 – 65948

Happy Trading

C T Ramesh Raja