Market Outlook for 29th July, 2011

Nifty Future:

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Stock Future:

Short BGR Energy below 409 with Stop at 416. TGT 398 – 385

MCX – Commodities

Crude:

Buy above 4379 with SLR at 4357. TGT 4425 – 4457

Short below 4295 with SLR at 4317. TGT 4248 – 4218

Gold:

Resistance at 23105 and crossover of 23130, it will move to 23236 – 23310

Support around 22960 and breaking 22936, it will fall to 22828 – 22756

SilverM:

Short below 58829 and add around 58975. SLR 59073. TGT 58345 – 57925

If Stop is takenout, then it can move upside to 59375 – 59745

Happy Trading

C T Ramesh Raja