Market Outlook for 8th September, 2011

Today market will be very quiet restricting itself with a narrow movement. Stock specific action can be expected.

Nifty Future:

Resistance around 5150 and crossover of 5156, it will move to 5210

Support around 5070 and breaking 5064, it will fall to 5040 – 5015

Important Time for Nifty Future:

12.30 to 1 Bar High and Low

Stock Future:

Short Axis around 1149 with Stop at 1157. TGT 1132 – 1110

Buy BHEL above 1778 with Stop at 1764. TGT 1800 – 1825

Buy Maruti above 1131 with Stop at 1120. TGT 1150 – 1170

Happy Trading

C T Ramesh Raja