Market Outlook for 29th July, 2010

Nifty Future:

Today high and low of 9.30  to 10.00 am  and  2.30 to 3 pm is very crucial for trade:

Resistance around 5419 and crossover of 5424, it will move to 5440 – 5465 – 5500

Support around 5362 and breaking 5350 it will fall to 5325 – 5305

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Short DLF around 318 with SL at 324. TGT 303 – 298

Short Maruti around 1219 with SL at 1229. TGT 1203 – 1190 – 1180

Given below are crucial time for Individual stocks and high and low of that particular time will determine the trend:

BF Utilities 9 to 9.30 AM

Arssinfra 10 to 10.30 AM

JSW Steel Future 11 to 11.30 AM

LIC HSG Future 10.30 to 11 AM

SBI Future 2.30 to 3  PM

Happy Trading

C T Ramesh Raja