Market Outlook for 16th July, 2010

Nifty Future:

Support around 5358. Breaking 5354, it will crash to 5200 – 5150

Resistance around 5420 and crossover of 5423, it will move to 5470 – 5500

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Short Grasim around 1829 with  SL at 1836. TGT 1790 . Below 1780 it can even fall to 1755

Short Mphasis around 615 with SL at 620. TGT 595 – 585

Happy Trading

C T Ramesh Raja