Market Outlook for 22nd August, 2013

Nifty Future:

Resistance around 5273 and crossover of 5291, will move to 5320 – 5365

Support around 5236 and breaking 5230,  will fall to 5180 – 5115

Stock Future:

Short HDFC  below 755 with Stop at 763.75. TGT 740 – 723

Short Reliance Capital at 306 with Stop at 312. TGT 296 – 286

Good Luck !!