Market Outlook for 28th November, 2011

Nifty Future:

Resistance around 4766 and crossover of 4779, it will move to 4820 – 4855

Support around 4690 and breaking 4685, it will fall to 4635 – 4605

Bank Nifty Future:

Resistance around 8612 and crossover of 8635, it will move to 8850. ( If crosses 8635, buy on retracement around 8565 with Stop at 8540 )

Support around 8290 and breaking 8265, it will fall to 8050 ( If breaks 8265, short on pullback around 8335 with Stop at 8360 )

Stock Future:

Short Aban around 334 with Stop at 341. TGT 319 – 305

LT crossing 1271, Buy on retracement around 1262 with Stop at 1259. TGT 1295 – 1315

Happy Trading

C T Ramesh Raja