Market Outlook for 29th December, 2011

Nifty Future:

Resistance around 4750 and crossover of 4757, it will move to 4785 – 4840

Support around 4691 and breaking 4686, it will fall to 4637 – 4605

Stock Future:

HEROMOTOCO crossing 1925, Buy on pullback around 1915 with Stop at 1910. TGT 1955 – 1975

Short ICICI Bank below 695 and add around 702 with Stop at 704. TGT 675 – 665

JUBL FOOD breaking 743, short on retracement around 750 with Stop at 752. TGT 720 – 710

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

Trade Well !!

C T Ramesh Raja