Market Outlook for 2nd January, 2012

Nifty Future:

Resistance around 4683 and crossover of 4700, it will move to 4725 – 4770

Support around 4633 and breaking 4621, it will fall to 4550 – 4510

Stock Future:

BANKBARODA breaking 644, short on pullback around 650 with Stop at 652. TGT 625 – 615

Buy INFY above 2789 and add around 2776 with Stop at 2772. TGT 2830 – 2850

MARUTI breaking 920, short on pullback around 928 with Stop at 930. TGT 895 – 885

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

Trade Well !!

C T Ramesh Raja