Market Outlook for 3rd February, 2012

Nifty Future:

Resistance around 5298 and crossover of 5307, it will move to 5345 – 5370

Support around 5233 and breaking 5227, it will fall to 5195 – 5165

Stock Future:

Canbk crossing 484, BUY on pullback around 478 with Stop at 476.90. TGT 500 – 510

Short Reliance around 836 with Stop at 838.40. TGT 815 – 804

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

Happy Trading

C T Ramesh Raja