Market Outlook for 20th June, 2012

Nifty Future:

Resistance around 5129 and crossover of 5135, it will move to 5157 – 5185

Support around 5085 and breaking 5079, it will fall to 5051 – 5018

Stock Future:

Buy ICICI bank above 828 with Stop at 818. TGT 843 – 861

Buy Rel Infra above 510 with Stop at 502. TGT 522 – 537

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

Happy Trading

C T Ramesh Raja

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