Market Outlook for 13th August, 2010

Nifty Future:

Resistance around 5416 and crossover of 5423, it will move to 5460 – 5490

Support around 5378 and breaking 5373 it will fall to 5350 – 5320 – 5265

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Buy HDIL around 281 with SL at 278. TGT 295

Buy SUNTV above 489 with SL at 481. TGT 505 – 515

Note: If stop is takenout, then Trend Reversal will take place.

Happy Trading

C T Ramesh Raja