Market Outlook for 7th August, 2012

Nifty Future:

Resistance around 5332 and crossover of 5338, it will move to 5378

Support around 5251 and breaking 5245, it will fall to 5205 – 5160

Stock Future:

Buy Reliance Capital around 344 with Stop at 337. TGT 355 – 365

Short SBI around 2032 with Stop at 2050. TGT 2010 – 1982.

Happy Trading

C T Ramesh Raja