Market Outlook for 30th August, 2011

Nifty Future:

Resistance around 4997 and crossover of 5017, it will move to 5050 – 5080

Support around 4895 and breaking 4885, it will fall to 4860 – 4825

Stock Future:

Buy BHEL above 1779 with Stop at 1765. TGT 1802 – 1827

Buy SBIN above 1958 with Stop at 1943. TGT 1982 – 2010

MCX – Commodities

Crude: (Sept)

Buy above 4065 with SLR at 4044. TGT 4110 – 4140

Gold – (OCT):

Short below  26807 with SLR at 26860. TGT 26690 – 26613 – 26485

SilverM – ( Nov):

Short below 63270 with SLR at 63523. TGT 62705 – 62330 – 61710

Happy Trading

C T Ramesh Raja