Market Outlook for 7th June, 2012

Nifty Future:

Resistance around 5016 and crossover of 5023, it will move to 5064 – 5106

Support around 4938 and breaking 4927, it will fall to 4893 – 4866

Stock Future:

Buy ICICI Bank above 816.25 with Stop at 807.20. TGT 837 – 850

Buy JSW Steel above 632 with Stop at 623. TGT 650 – 662

Note: If stop is takenout after entry level, Trend Reversal will take place.

Happy Trading

C T Ramesh Raja