Market Outlook for 5th September, 2011

Nifty Future:

Resistance around 5060 and crossover of 5073, it will move to 5095 – 5130

Support around 5009 and breaking 5000, it will fall to 4975. Trading below 4950, it will drift further to 4900 – 4880

Important Time for Nifty Future:

9.15 to 9.30 and 11.30 to 12 Bar High and Low

Stock Future:

Short Canbk below 417 with Stop at 424. TGT 406 – 394

Short Infy below 2307 with Stop at 2323. TGT 2282 – 2252

Buy Reliance above 806 with Stop at 796. TGT 822 – 840

Buy Rel Infra above 447 with Stop at 439. TGT 458 – 470

Note: If stop is takenout after entry, Trend Reversal will take place.

Happy Trading

C T Ramesh Raja