Market Outlook for 7th February, 2012

Nifty Future:

Resistance around 5373 and crossover of 5385, it will move to 5465.

Support around 5312 and breaking 5306, it will fall to 5275

Stock Future:

Infy crossing 2794, Buy on pullback around 2781 with SL at 2777. TGT 2830 – 2855

Buy PNB above 980 and add at 972 with Stop at 969.70. TGT 1002 – 1017

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

Happy Trading

C T Ramesh Raja