Market Outlook for 30th December, 2013

Nifty Future:

Resistance around 6390 and crossover of 6397, will move to 6440 – 6470

Support around 6352 and breaking 6333, will fall to 6302 – 6252

Stock Future:

Short Axis Bank around 1317 with Stop at 1326. TGT 1300 – 1280

Buy JSW Steel around 1011 with Stop at 1003. TGT 1026 – 1046

Currency:

USD INR:

Resistance around 62.68 and Breakout above 62.75. Breakout pullback 62.56 and Breakout Stop 62.49. BO TGT 63.18 – 63.69

Support around 61.81. Breakdown below 61.75. BD pullback 61.93. BD Stop 62.00. BD TGT 61.31 – 60.82

Commodity:

CRUDEOIL:

Resistance around 6305 .. Breakout above 6313 and BO pullback 6292. BO Stop 6285. BO TGT 6355 – 6405

Support around 6217.. Breakdown below 6210. BD pullback 6230. BD Stop 6238. BD TGT 6167 – 6118

Good Luck !!