Market Outlook for 5th January, 2015

Nifty Future:

Its highly oversold in 30 Minutes time frame and Pullback should face stiff resistance around 7875.. On downside Support exist around 7773 and failure to hold this, can pull the Index down further to 7725

Stock Future:

Buy JSW Steel around 1035 with Stop at 1027. TGT 1060 – 1075

Buy Rel Infra above 606 with Stop at 597. TGT 630 – 647

Good Luck !!