Market Outlook for 16th October, 2012

Nifty Future:

Resistance around 5718 and crossover of 5725, it will move to 5765

Support around 5662 and breaking 5642, it will fall to 5605 – 5570

Stock Future:

Buy ACC above 1502 with Stop at 1489. TGT 1530 – 1548

Short Maruti around 1356 with Stop at 1369. TGT 1323 – 1305

Happy Trading

C T Ramesh Raja