Market Outlook for 6th September, 2011

Nifty Future:

Resistance around 5005 and crossover of 5012, it will move to 5050 – 5110

Support around 4972 and breaking 4955, it will fall to 4918 – 4885

Stock Future:

Buy JSW above 740 with Stop at 731. TGT 755 – 775

Buy Maruti above 1102 with Stop at 1090. TGT 1120 – 1140

Buy SBI above 2006 with Stop at 1991. TGT 2030 – 2060

MCX – Commodities

Crude: (Sept)

Short below 3840 with SLR at 3862. TGT 3797 – 3768

Gold – (OCT):

Buy above 28610 with SLR at 28555. TGT 28730 – 28810 – 28955 – 29025

SilverM – ( Nov):

Buy above 66927 with SLR at 66667. TGT 67510 – 68000 – 68555

Happy Trading

C T Ramesh Raja