Market Outlook for 19th July, 2010

Nifty Future:

Short below 5393 with SL at 5412. TGT 5361. Below 5354, Nifty will crash to 5280 – 5245 – 5195

Buy above 5425 with SL at 5401. TGT 5480 – 5500

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Divis Lab crossing 798, Buy on pullback at 791 with SL at 788. TGT 815

HDFC breaking 2988, short on retracement at 2998 with SL at 3008. TGT 2960 – 2930

Note: If stop is takenout, then Trend Reversal will take place.

Happy Trading

C T Ramesh Raja