Market Outlook for 4th August, 2011

Nifty Future:

Resistance around 5439 and crossover of 5446, it will move to 5480 – 5537

Support around 5404 and breaking 5386, it will fall to 5358 – 5310

Stock Future:

Buy SBI above 2294 with Stop at 2277. TGT 2320 – 2345

Short JUBLFOOD below 835 with Stop at 845. TGT 820 – 805

MCX – Commodities

Crude:

Short below 4098 with SLR at 4119. TGT 4052 – 4022

Gold – (OCT):

Resistance around 24184 and crossover of 24209, it will move to 24320 – 24395

Support around 24025 and breaking 24011, it will fall to 23900 – 23830

SilverM:

Buy around 61180 with Stop at 60932. TGT 61490 – 61985

Happy Trading

C T Ramesh Raja