Market Outlook for 10th January, 2012

Nifty Future:

Resistance around 4783 and crossover of 4789, it will  move to 4837 – 4870

Support around 4705 and breaking 4700, it will fall to 4652 – 4620

Stock Future:

Aban crossing 352, Buy on pullback around 347, with Stop at 345. TGT 365 – 375

Short ICICI Bank around 755 with Stop at 757. TGT 737 – 725

SBI breaking 1632, short on retracement around 1642, with Stop above 1645. TGT 1603 – 1585

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

Good Luck !!

C T Ramesh Raja