Market Outlook for 2nd Aug, 2010

Nifty Future:

Resistance around 5407 and crossover of 5419, it will move to  5440 – 5455

Support around 5373 and breaking 5363, it will fall to 5350 – 5340

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Short Infosys around 2798 with SL at 2804. TGT 2770 – 2750

Buy JSW around 1105 with SL at 1096. TGT 1130 – 1145

Buy L & T around 1772 with SL at 1761. TGT 1804 – 1815

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

Happy Trading

C T Ramesh Raja