Market Outlook for 23rd January, 2012

Nifty Future:

Resistance around 5066  and crossover of 5073, it will move to 5104 – 5123

Support around 5008 and breaking 4996, it will fall to 4965 – 4935

Stock Future:

Buy Bank India around 315 with Stop at 313. TGT 332 – 342

Short Infy below 2594 with Stop at 2611. TGT 2555 – 2535

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

Trade Well !!

C T Ramesh Raja