Market Outlook for 23rd December, 2011

Nifty Future:

Resistance around 4790 and crossover of 4801, it will move to 4830 – 4860

Support around 4718 and breaking 4707, it will fall to 4680 – 4645

Stock Future:

Buy JINDALSTEL above 499 and add around 493 with Stop at 492. TGT 515 – 525

Buy TCS above 1157 with Stop at 1146. TGT 1181 – 1197

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

Happy Trading

C T Ramesh Raja