Market Outlook for 17th January, 2011

Nifty Future:

Resistance around 5710 and above 5723, it will move to 5740 – 5775

Support around 5640 and below 5635, it will fall to 5610 – 5575 – 5500

Stock Future

Short Bank India below 421 with SL at 428. TGT 405 – 390

Short BHEL around 2212 with SL at 2220. TGT 2180 – 2155 – 2135

Happy Trading

C T Ramesh Raja