Market Outlook for 11th August, 2010

Nifty Future:

Resistance around 5468 and crossover of 5475, it will move to 5495 – 5520 – 5550

Support around 5415 and breaking 5405 it will fall to 5360

Trading below 5435 for more than 30 minutes, long position  needs to have tight SL.

Always trade stocks to the Direction of Nifty !!!

Short Axis Bank around 1308 with SL at 1314. TGT 1280 – 1270 – 1260

Buy HDFC Bank around 2082 with SL at 2072. TGT 2100 – 2115 – 2130

Happy Trading

C T Ramesh Raja