Market Outlook for 6th July, 2011
Nifty Future:
Resistance around 5668 and crossover of 5678, it will move to 5737 - 5760
Support around 5600 and breaking 5582, it will fall to 5505 - 5475
Stock Future:
Buy BPCL above 666 with Stop at 657. TGT 680 - 695
Buy Infy above 2986 with Stop at 2968. TGT 3015 - 3045
Short JSW Steel around 876 with Stop at 888. TGT 862 - 843
Buy Sun pharma above 505 with Stop at 495. TGT 515 - 530
Note: If Stop is takenout, then trend change could happen.
C T Ramesh Raja
Nifty Future:
Resistance around 5668 and crossover of 5678, it will move to 5737 - 5760
Support around 5600 and breaking 5582, it will fall to 5505 - 5475
Stock Future:
Buy BPCL above 666 with Stop at 657. TGT 680 - 695
Buy Infy above 2986 with Stop at 2968. TGT 3015 - 3045
Short JSW Steel around 876 with Stop at 888. TGT 862 - 843
Buy Sun pharma above 505 with Stop at 495. TGT 515 - 530
Note: If Stop is takenout, then trend change could happen.
C T Ramesh Raja