Market Outlook for 17th January, 2012

Nifty Future:

Resistance around 4915 and crossover of 4932, it will move to 4965 – 5005

Support around 4845 and breaking 4813, it will fall to 4740 – 4720

Stock Future:

Short Acc around 1118 and add around 1126 with Stop at 1130, TGT 1102 – 1075

Buy LIC housing above 248 and add around 244 with Stop at 242.60. TGT 260 – 270

Reliance breaking 714, short on retracement around 721 with Stop at 723.25. TGT 695 – 685

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

Good Luck !!

C T Ramesh Raja