Market Outlook for 16th August, 2010

Nifty Future:

Resistance around 5483 and crossover of 5490, it will move to 5520 – 5540

Support around 5445 and breaking 5433 it will fall to 5405 – 5370 – 5350

Stock Future:

Always trade stocks to the Direction of Nifty !!!

Short BHEL around 2509 with SL at 2525. TGT 2465

Buy Canbank around 505 with SL at 496. TGT 515 – 530

Buy Cairn above 360 with SL at 353. TGT 375

Happy Trading

C T Ramesh Raja