Market Outlook for 28th December, 2011

Nifty Future:

Resistance around 4777 and crossover of 4783, it will move to 4830 – 4865

Support around 4700 and breaking 4695, it will fall to 4657 – 4615

Stock Future:

Infy crossing 2771, Buy on retracement around 2759 with Stop at 2754. TGT 2810 – 2835

Short SBI below 1630 and add around 1640 with Stop at 1644. TGT 1600 – 1582

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

Trade Well !!

C T Ramesh Raja