Market Outlook for 19th August, 2011

Nifty Future:

Resistance around 4963 and crossover of 4971, it will move to 5015 – 5035

Support around 4845 and breaking 4826, it will fall to 4790 – 4780

Stock Future:

Short Bank Baroda below 752 with Stop at 762. TGT 737 – 720

Short Reliance below 740 with Stop at 749. TGT 725 – 708

MCX – Commodities

Crude: (Sept)

Short below 3771 with SLR at 3791. TGT 3727 – 3698

Gold – (OCT):

Buy above 27165 with SLR at 27112. TGT 27360 – 27490 – 27570

SilverM:

Buy above 62220 and add around 62030 with SLR at 61970. TGT 62785 – 63160 – 63790

Happy Trading

C T Ramesh Raja