Market Outlook for 13th June, 2012

Nifty Future:

Resistance around 5158 and crossover of 5165, it will move to 5216 – 5250

Support around 5057 and breaking 5051, it will fall to 5017 – 4989

Stock Future:

Buy Hero motoco above 1995 with Stop at 1980. TGT 2028 – 2048

Buy JSW Steel above 647 with Stop at 638. TGT 671 – 687

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

Happy Trading

C T Ramesh Raja