Market Outlook for 28th September, 2011

Nifty Future:

Resistance around 5011 and crossover of 5020, it will move to 5045 – 5090

Support around 4950 and breaking 4939, it will fall to 4860 – 4835

Stock Future:

Buy Aban above 378 with Stop at 371. TGT 388 – 400

Buy Axis Bank above 1094 with Stop at 1083. TGT 1115 – 1130

Buy SBI above 2018 with Stop at 2003. TGT 2042 – 2070

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

Happy Trading

C T Ramesh Raja