Market Outlook for 20th January, 2012

Nifty Future:

Resistance around 5048 and crossover of  5054, it will move to 5076 – 5105

Support around 4997 and breaking 4991, it will fall to 4960 – 4940

Stock Future:

Buy ICICI Bank above 805 and add around 796 with Stop below 793.90. TGT 825 – 835

Buy PNB above 917 and add around 909 with Stop at 907. TGT 938 – 953

Buy Tata Steel above 437 and add around 432 with Stop at 430. TGT 452 – 462

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

Trade Well !!

C T Ramesh Raja