Market Outlook for 16th January, 2014

Nifty Future:

Resistance around 6380 and crossover of 6387, will move to 6430 – 6480

Support around 6305 and breaking 6286, will fall to 6245 – 6195

Stock Future:

Buy Axis bank above 1185 with Stop at 1174. TGT 1198 – 1220

Short JSW Steel around 1002 with Stop at 1005. TGT 982 – 967

Good Luck !!