Market Outlook for 3rd October, 2011

Nifty Future:

Resistance around 4985 and crossover of 5000, it will move to 5040 – 5080

Support around 4872 and breaking 4855, it will fall to 4785 – 4735

Stock Future:

Short BHEL below 1623 with Stop at 1636. TGT 1600 – 1575

Buy DLF around 202 with Stop at 198. TGT 214 – 218

Short VIPIND below 886 with Stop at 897. TGT 870 – 852

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

Happy Trading

C T Ramesh Raja