Market Outlook for 10th May, 2013

Yesterday, Nifty Future fell from 9 AM resistance level of 6083 to Support level of 6038, giving 45 points profit.

Again it moved from support level to 6060 towards the close giving 22 points move.  This entire move have resulted in 67 points, whereas yesterday’s spread of Nifty Future is restricted only to 52 points.

On 7th of May, I wrote clearly levels for trade and which had resulted in 66 points move.

Two days of 9 AM trade gave 133 points and please note, everyday I cannot provide free lunch .. Don’t loose this free content..

Join the chat room for many more trades like this..

Nifty Future:

Resistance around 6073 and crossover of 6090, it will move to 6122 – 6162

Support around 6036 and breaking 6030, it will fall to 5987 – 5938

Stock Future:

Short Reliance around 819 with stop at 826. TGT 806 – 787

Short Tata Steel around 319 with Stop at 325. TGT 312 – 302

Happy Trading !!

C T RAMESH RAJA