Market Outlook for 24th August, 2011

Nifty Future:

Buy around 4925 with Stop at 4916. TGT 5002 – 5056 – 5089

Short below 4916 with Stop at 4940. TGT 4866 – 4801 – 4754

Important Time for Nifty Future:

9.30 to 10 AM Bar high and Low and 12.30 to 1 PM Bar high and Low

Stock Future:

Buy Aban around 379 with Stop at 371. TGT 409

Buy HDFC Bank above 464 with Stop at 456. TGT 475 – 485

Short Tata Motors below 718 with Stop at 727. TGT 705 – 690

MCX – Commodities

Crude: (Sept)

Buy above 3971 with SLR at 3950. TGT 4005 – 4045

Short below 3871 with SLR at 3892. TGT 3842 – 3817

Gold – (OCT):

Short below 27584 with SLR at 27637. TGT 27466 – 27387 – 27256

SilverM:

Short below 63406 with SLR at 63660. TGT 62840 – 62465 – 61840

Happy Trading

C T Ramesh Raja