Market Outlook for 8th August, 2012

Nifty Future:

Resistance around 5405 and crossover of 5411, it will move to 5465

Support around 5308 and breaking 5294, it will fall to 5260 – 5230

Stock Future:

Buy ICICI Bank above 982 with stop at 971. TGT 998 – 1018

Short Mcdowell below 850 with stop at 860. TGT 835 – 815

Happy Trading

C T Ramesh Raja