Market Outlook for 3rd August, 2011

Nifty Future:

Buy around 5378 and add around 5360. SL 5349. TGT 5430 – 5465 – 5507

Stock Future:

Short LIC housing below 205.90 with Stop at 212. TGT 191 – 185

MCX – Commodities

Crude:

Short around 4198 with SLR at 4209. TGT 4152 – 4112

Gold – (OCT):

Resistance around 23814 and crossover of 23826, it will move to 23911 – 24110

Support around 23728 and breaking 23704, it will fall to 23640 – 23595

SilverM:

Buy around 58875 with Stop at 58755. TGT 59240 – 59425

If Stop is takenout, then it can move down to 58390 – 58090

Happy Trading

C T Ramesh Raja