Market Outlook for 25th January, 2011

Trading Levels for Nifty Future:

  • Resistance 5755
  • Breakout 5761
  • Pullback after breakout 5746
  • Stop for Breakout 5735
  • Target for BO 5815 – 5825
  • Support 5670
  • Breakdown 5664
  • Retracement after Breakdown 5680
  • Stop for breakdown 5689
  • Target for BD 5600 – 5575 – 5525

Stock Future

Bhel:

Breakout 2260 / Stop 2245 / TGT 2295 – 2315

DR Reddy:

Breakdown 1629 / Stop 1643 / TGT 1600 – 1580

Infosys:

Breakout 3288 / Stop 3269 / TGT 3330 – 3350

Mcdowells:

Breakdown 1260 / Stop 1272 / TGT 1220 – 1195

Note:

Breaking  BO / BD level, it can bounce to midpoint between BO / BD and STOP. All stops are very powerful and if its takeout after entry level, then trend change will take place.

Happy Trading

C T Ramesh Raja