Market Outlook for 27th July, 2011

Nifty Future:

Short below 5585 and add around 5600. SLR 5609. TGT 5532 – 5497

Stock Future:

Short HDFC Bank below 498 with SLR at 507. TGT 487 – 475

Short JUBLFOOD around 878 with SLR at 886. TGT 864 – 845

Short Reliance below 870 with SLR at 880. TGT 854 – 840

MCX – Commodities

Crude:

Buy above 4433 with SLR at 4412. TGT 4480 – 4512

Short below 4349 with SLR at 4371. TGT 4302 – 4271

Gold:

Resistance around 23221 and crossover of 23258, it will move to 23414 – 23486

Support around 23124 and breaking 23112, it will fall to 23004 – 22932

Menthaoil – (August)

Short below 1084 with SLR at 1096. TGT 1061 – 1046

SilverM:

Buy above 60459 with SLR at 60213. TGT 61013 – 61385

Short below 59479 with SLR at 59724. TGT 58931 – 58568

Happy Trading

C T Ramesh Raja