Market Outlook for 27th December, 2013

Nifty Future:

Resistance around 6343 and crossover of 6356, will move to 6396 – 6446

Support around 6305 and breaking 6297, will fall to 6258 – 6207

Stock Future:

Short Dr Reddy around 2570 with Stop at 2582. TGT 2530 – 2505

Short Reliance around 901 with Stop at 909. TGT 886 – 868

Currency:

USDINR: ( JAN):

Buy  above 62.47 with Stop at 62.36. TGT 62.95 – 63.46

Short below 62.36 with Stop at 62.47. TGT 62.08 – 61.58

EURINR: (JAN)

Buy above 85.50 and add around 85.41 with Stop at 85.31. TGT 86.12 – 86.71

Short below 85.31 and add around 85.41 with Stop at 85.50. TGT 85.09 – 84.51

Commodities:

CRUDEOIL:

Resistance around 6244.. Brekout 6250. BO pullback 6231. BO SL 6224. BO TGT 6294 – 6344

Support around 6156 and Breakdown below 6149. BD pullback 6169. BD SL 6177. BD TGT 6107 – 6058

Good Luck !!