Market Outlook for 21st January, 2011

Nifty Future:

Buy around 5685 with SL at 5665. TGT 5710 – 5755

Short below 5665 with SL at 5690. TGT 5620 – 5580 – 5550

Stock Future

Auro Pharma:

Breakdown 1252 / Stop 1264 / TGT 1230 – 1215

ICICI Bank:

Breakout 1058 / Stop 1047 / TGT 1080 – 1095

LT:

Breakdown 1641 / Stop 1655 / TGT 1610 – 1595

SBI:

Breakout 2551 / Stop 2534 / TGT 2590 – 2610

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