Market Outlook for 15th January, 2013

Nifty Future:

Resistance around 6060 and crossover of 6066, it will move to 6120 – 6160

Support around 6045 and breaking 6032, it will fall to 5995 – 5975

Stock Future:

Buy Canbk around 514 with Stop at 507. TGT 529 – 539

Short SBI around 2539 with Stop at 2545. TGT 2500

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

Happy Trading

C T Ramesh Raja