Market Outlook for 26th July, 2010

Nifty Future:

Today high and low of 11.30 am to 12 noon is very crucial for trade.

Resistance around 5467 and crossover of 5476, it will move to 5502 – 5555

Support around 5420 and breaking 5413, it will fall to 5375 – 5355

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Buy Infosys around 2770 with SL at 2759. TGT 2795 – 2820

Short Mcdowells around 1390 with SL at 1400. TGT 1365 – 1350

Short Reliance capital around 802 with SL at 806. TGT 780.

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

Happy Trading

C T Ramesh Raja