Market Outlook for 23rd July, 2010

Nifty Future:

Today high and low of 10.30 to 11.00 am is very crucial for trade:

Resistance around 5475 and crossover of 5486, it will move to 5515 – 5550

Support around 5422 and breaking 5410, it will fall to 5385  – 5365

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Short SBI around 2500 with SL at 2506. TGT 2455

Short Tata steel around 551 with SL at 555. TGT 540 – 535

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

Happy Trading

C T Ramesh Raja