Market Outlook for 16th December, 2011

Nifty Future:

Resistance around 4824 and crossing 4830, it will move to 4880 – 4915

Support around 4753 and breaking 4742, it will fall to 4693 – 4575

Stock Future:

Short ACC below 1143 with Stop at 1155. TGT 1120 – 1105

Buy Techm above 588 with Stop at 579. TGT 605 – 617

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

Happy Trading

C T Ramesh Raja