Market Outlook for 22nd October, 2010

Nifty Future:

Resistance around 6164 and crossover of 6178, it will move to 6230 – 6270 – 6300

Support around 6103 and breaking 6101, it will fall to  6075 – 6050 – 6010

Nifty Future Charts from various studies:

Stock Future:

Always trade stocks to the Direction of Nifty !!!

LIC Housing:

Resistance around 1354 and crossover of 1357, it will move to 1375 – 1385

Support around 1335 and break of 1327, it will fall to 1313 – 1295

Yes Bank:

Resistance around 359 and crossover of 361, it will move to 370 – 375

Support around 348 and break of 345, it will fall to 338 – 328

Happy Trading

C T Ramesh Raja