Market Outlook for 28th July, 2010

Nifty Future:

Today high and low of 12.00. to 12.30 pm is very crucial for trade:

Resistance around 5447 and crossover of 5460, it will move to 5483 – 5510 – 5525

Support around 5398 and breaking 5392 it will fall to 5385 – 5375

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Buy M & M around 634 with  SL at 629. TGT 645 – 655

Buy Reliance capital around 788 with SL at 781. TGT 802

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

Happy Trading

C T Ramesh Raja