Market Outlook for 3rd Aug, 2010

Nifty Future:

Today’s High and low of 10.00 to 10.30 am is crucial for trade

Resistance around 5465 and crossover of 5469, it will move to  5495 – 5510

Support around 5420 and breaking 5413 it will fall to 5380 – 5370

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Buy Educomp at 613 with SL at 605. TGT 630 – 640

Short HDFC around 3050 with SL at 3064. TGT 2990

Buy Orient Bank around 405 with SL at 402. TGT 420

For Bank Nifty Future:

Today’s High and low of 9.00 to 9.30 am is crucial for trade

Happy Trading

C T Ramesh Raja