Market Outlook for 7th June, 2010

I write below taking cue fromĀ  SGX Nifty level.

Nifty Future:

Support around 5000. Breaking 4985, could fall to 4925 – 4875

Resistance around 5070. Crosssover of 5080, will lead to 5105 – 5125

Stock Future:

Buy Cairn around 297 with SL at 294. TGT 312 – 318

Buy Titan around 2224 with SL at 2214. TGT 2275 – 2285

Look at the charts below:

When events happen after market hours or glitches during trading hours, takes traders to a vicious circle of trading positions. Price moves below and above RED and GREEN lines respectively generating false signals of SELL and BUY.

Trade like a Pro !!!

C T Ramesh Raja