Market Outlook for 6th August, 2010

Nifty Future:

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

Resistance around 5467 and crossover of 5491, it will move to  5520 – 5550

Support around 5420 and breaking 5414 it will fall to 5380 – 5360

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Buy Bhushan Steel around 1595 with SL at 1582. TGT 1640 – 1650

Buy JSW Steel around 1123 with SL at 1119. TGT 1140

Happy Trading

C T Ramesh Raja