Market Outlook for 12th August, 2010

Nifty Future:

Resistance around 5430 and crossover of 5437, it will move to 5455 – 5470

Support around 5355 and breaking 5344 it will fall to 5325 – 5295

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Short Bhushan steel around 1620 with SL at  1638. TGT 1580 –  1555

Short M & M around 635 with SL at 643. TGT 610.

Happy Trading

C T Ramesh Raja