Market Outlook for 8th December, 2011

Nifty Future:

Resistance around 5114 and crossover of 5120, it will move to 5170 – 5205

Support around 5039 and breaking 5029, it will fall to 5000 – 4980 – 4945

Stock Future:

Bomdyeing crossing 422, Buy on retracement at 417, with Stop at 414.80. TGT 436 – 446

Short Dr Reddy around 1589 with Stop at 1596. TGT 1550 – 1518

Buy Infy above 2782 with Stop at 2765. TGT 2820 – 2845

Short Jubl Food around 836 with Stop at 839. TGT 811 – 795

Happy Trading

C T Ramesh Raja