Market Outlook for 19th September, 2011

Nifty Future:

Resistance around 5105 and crossover of 5117, it will move to 5165 – 5200

Support around 5053 and breaking 5036, it will fall to 5008 – 4975 – 4940

Important Time for Nifty Future:

11 to 11.30 Bar High and Low

Stock Future:

Buy BGR Energy around 344 with Stop at 337. TGT 360 – 370

Buy SBI around 1893 with Stop at 1873. TGT 1940 – 1980

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

Happy Trading

C T Ramesh Raja