Market Outlook for 7th October, 2011

Nifty Future:

Resistance around 4860 and crossover of 4866, it will move to 4882 – 4905. If manages to cross 4926, then it will move to 4978.

Trading above 4866, stop should be 4843.

If unable to hold above 4866 and breaking 4843, it will drift to 4820 – 4785

Option View :

If 4800 CE takesout 175, then buy on retracement around 153 with SL at 129. TGT 203 – 218 – 235 – 263

Stock Future:

Today, Global markets are very strong, we will open on huge gapup and therefore, we have to take trade sensing from screen depending on the strength of individual stock.

Good Luck !!

C T Ramesh Raja