Market Outlook for 30th July, 2010

Nifty Future:

Today’s High and low of 12.30 to 1.00 pm is crucial for trade.

Resistance around 5440 and crossover of 5445, it will move to  5470 – 5490

Support around 5363 and breaking 5360 it will fall to 5325 – 5305

Stock Future:

Buy Aban around 866 with SL at 857. TGT 880 – 890 – 900

Buy HDFC around 2960 with SL at 2954. TGT 2985 – 3005

The crucial time for determination of trend for individual stocks as follows:

ArssInfra 1.30 to 2.00 pm

BFutilities 11 to 11.30 am

JSW Steel 12.30 to 1 pm

LIC Housing 9 to 9.30 am

SBI 10 to 10.30 am

Happy Trading

C T Ramesh Raja