Market Outlook for 20th December, 2011

Nifty Future:

Resistance around 4645 and crossing 4656, it will move to 4695 – 4725

Support around 4597 and breaking 4591, it will fall to 4543 – 4511

Stock Future:

Acc crossing 1152, Buy on retracement around 1143 with Stop at 1141. TGT 1176 – 1192

Canbk breaking 381, short on pullback around 386 with Stop at 388. TGT 367 – 357

Short Jubl Food below 758 with Stop at 767. TGT 738 – 726

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

Happy Trading

C T Ramesh Raja