Market Outlook for 8th February, 2012

Nifty Future:

Resistance around 5394 and crossover of 5411, it will move to 5450 – 5470

Support around 5343 and breaking 5337, it will fall to 5303 – 5275

Stock Future:

Canbk crossing 508, BUY on pullback around 503 with Stop at 500.95. TGT 525 – 535

M&M breaking 687, short on retracement around 694 with Stop at 696.25. TGT 670 – 655

Trade well and follow the trend !!

C T Ramesh Raja