Market Outlook for 22nd July, 2010

Nifty Future:

Resistance around 5403. Crossover of 5415, it will move to 5447.

Support around 5375 and breaking 5360, it will fall to 5320 – 5275 – 5245

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Buy Acc around 805 with SL at 798. TGT 820 – 830

Buy Axis around 1343 with SL at 1338. TGT 1360

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

Happy Trading

C T Ramesh Raja