Market Outlook for 3rd January, 2014

Nifty Future:

Resistance around 6305 and crossover of 6312, will move to 6355 – 6405

Support around 6217 and breaking 6211, will fall to 6167 – 6118

Stock Future:

Short ACC around 1114 with Stop at 1120. TGT 1096 – 1075

Buy Rel Infra around 407 with Stop at 403. TGT 418 – 430

CURRENCY:

USDINR:

Resistance around 63.10.. Breakout 63.17. BO pullback 62.98. BO Stop 62.92. BO TGT 63.61 – 64.11

Support around 62.23 and Breakdown 62.17.. BD pullback 62.35. BD Stop 62.42. BD TGT 61.73 – 61.23

EURINR:

Resistance around 86.32.. Breakout 86.39.. BO pullback 86.17.. BO Stop 86.10. BO TGT 86.91 – 87.50

Support around 85.29.. Breakdown 85.22.. BD Pullback 85.44. BD Stop 85.51. BD TGT 84.71 – 84.13

JPYINR:

Resistance around 59.85.. Breakout 59.91. BO pullback 59.73. BO Stop 59.67. BO TGT 60.34 – 60.83

Support around 59.00.. Breakdown 58.94. BD pullback 59.12. BD Stop 59.18. BD TGT 58.51 – 58.03

COMMODITY:

CRUDEOIL:

Resistance around 6039 .. Breakout 6047.. BO pullback 6027. BO Stop 6020. BO TGT 6088 – 6138

Support around 5954 and Breakdown 5946.. BD pullback 5966. BD Stop 5974. BD TGT 5905 – 5856

Good Luck !!