Market Outlook for 22nd October, 2012

Nifty Future:

Resistance around 5740 and crossover of 5747, it will move to 5800 – 5835

Support around 5653 and breaking 5648, it will fall to 5595 – 5560

Stock Future:

Buy can bank above 450 with Stop at 442. TGT 464 – 474

Buy Reliance Capital around 437 with Stop at 430. TGT 450 – 460

Happy Trading

C T Ramesh Raja