Market Outlook for 13th December, 2011

Nifty Future:

Resistance around 4847 and crossover of 4853, it will move to 4905

Support around 4726 and breaking 4721, it will fall to 4665 – 4620

Stock Future:

Short Axis Bank below 965 with Stop at 976. TGT 943 – 929

Short Tatasteel below 382 with Stop at 389. TGT 368 – 358

Buy TCS above 1186 with Stop at 1174. TGT 1210 – 1225

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

Happy Trading

C T Ramesh Raja