Market Outlook for 2nd February, 2012

Nifty Future:

Resistance between 5288 – 5298.  Crossover of 5308, it will move to 5358 – 5395

Support around 5238 and breaking 5223, it will fall to 5198 – 5179

Stock Future:

ACC crossing 1217, BUY on pullback around 1208 with Stop at 1205. TGT 1240 – 1255

DR reddy crossing 1698, BUY on pullback around 1687 with Stop at 1684. TGT 1728 – 1745

BUY LT around 1338 with Stop at 1335. TGT 1373 – 1391

Trade well and follow the trend, not the so-called “experts.”

C T Ramesh Raja