Market Outlook for 27th September, 2011

Nifty Future:

Resistance around 4885 and crossover of 4890, it will move to 4920 – 4940 – 4970

Support around 4820 and breaking 4812, it will fall to 4750 – 4720

Important Time for Nifty Future:

1.30 to 2 Bar high and Low

Stock Future:

Buy Acc above 1085 with Stop at 1074. TGT 1105 – 1120

Short Axis below 1045 with Stop at 1056. TGT 1027 – 1007

Short Reliance Capital below 388 with Stop at 395. TGT 378 – 368

Buy SBIN above 1968 with Stop at 1953. TGT 1990 – 2020

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

Happy Trading

C T Ramesh Raja