Market Outlook for 21st January, 2013

Nifty Future:

Resistance around 6089 and crossover of 6102, it will move to 6145

Support around 6052 and breaking 6046, it will fall to 6010

Stock Future:

Buy Reliance above 908 with Stop at 898. TGT 925 – 945

ICICI Bank breaking 1179, short on pullback around 1188 with Stop at 1192. TGT 1166 – 1155

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

Happy Trading

C T Ramesh Raja