Market Outlook for 18th January, 2012

Nifty Future:

Resistance around 5014 and crossover of 5020, it will move to 5058 – 5098

Support around 4977 and breaking 4968, it will fall to 4945 – 4920. Below 4908, it can fall further to 4875 – 4848

Stock Future:

Buy ACC above 1149 with Stop below 1138. TGT 1172 – 1192

Buy Jindal Steel above 516 with Stop at 508.70. TGT 532 – 545

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

Trade Well !!

C T Ramesh Raja