Market Outlook for 12th December, 2011

Nifty Future:

Resistance around 4937 and crossover of 4949, it will move to 4990 – 5030

Support around 4865 and breaking 4859, it will fall to 4810 – 4775

Stock Future:

Buy Infy above 2722 with Stop at 2705. TGT 2760 – 2785

Short JSWSTEEL below 581 with Stop at 589. TGT 564 – 552

Note: If stop is takenout after Entry, trend reversal may happen.

Happy Trading

C T Ramesh Raja