Market Outlook for 26th December, 2013

Nifty Future:

Resistance around 6297 and crossover of 6317,  will move to 6360 – 6410

Support around 6259 and breaking 6253, will fall to 6209 – 6160

Stock Future:

Short ACC around 1125 with Stop at 1133. TGT 1108 – 1088

Buy PNB above 636 with Stop at 628. TGT 650 – 666

Currencies:

USDINR:

Buy above 61.98 with Stop at 61.85. TGT 62.23 – 62.73

Short below 61.85 with Stop at 61.98. TGT 61.36 – 60.87

JPYINR

Buy above 59.51 and add around 59.42 with Stop at 59.33. TGT 59.71 – 60.20

Short below 59.33 and add around 59.42 with Stop at 59.51. TGT 58.86 – 58.38

Good Luck !!