Market Outlook for 7th September, 2011

Nifty Future:

Resistance around 5094 and crossover of 5119, it will move to 5160 – 5215

Support around 5015 and breaking 5002, it will fall to 4965 – 4910

Important Time for Nifty Future:

1.30 to 2 Bar High and Low

Stock Future:

Buy Aban above 400 with Stop at 393. TGT 411 – 423

Short LT around 1653 with Stop at 1662. TGT 1620 – 1600

Buy Reliance Capital above 426 with Stop at 419. TGT 437 – 450

Buy VIPIND above 926 with Stop at 916. TGT 943 -960

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

Happy Trading

C T Ramesh Raja