Market Outlook for 7th January, 2012

Nifty Future:

Resistance around 4780 and crossover of 4786, it will  move to 4824

Support around 4747 and closing below 4726 in 30MTF, it will fall to 4685 – 4665

Stock Future:

Buy Acc around 1103 with Stop at 1090. TGT 1125 – 1152

Short SBI around 1697 with Stop at 1701. TGT 1670 – 1650. Below 1648, it can fall to 1620

Good Luck !!

C T Ramesh Raja