Market Outlook for 20th January, 2011

Nifty Future:

Buy above 5718 with SL at 5693. TGT 5745 – 5775

Short below 5678 with SL at 5702. TGT 5640 – 5625

Stock Future

ABGSHIP:

Breakdown 359/ Stop 366 / TGT 345 – 340

BHEL:

Breakdown 2155 / Stop 2171 / TGT 2125 – 2100

HDFC Bank:

Breakdown 2071  / Stop 2086 / TGT 2035 – 2020

Mcdowells:

Breakdown 1318 / Stop 1330 / TGT 1295 – 1275 – 1250

Note: Breaching breakdown level, it can bounce to midpoint between BD and STOP.

Happy Trading

C T Ramesh Raja