Market Outlook for 24th January, 2012

Nifty Future:

Resistance around 5055  and crossover of 5073, it will move to 5130 – 5165

Support around 4996 and breaking 4990, it will fall to 4940 – 4905

Stock Future:

Acc crossing 1172, Buy on pullback around 1163 with Stop at 1161. TGT 1195 – 1215

Infy breaking 2588, short on retracement around 2601 with Stop above 2605. TGT 2550 – 2525

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

Happy Trading

C T Ramesh Raja