Market Outlook for 3rd February, 2011

Trading Levels for Nifty Future:

Breakdown 5429/ Stop 5454 / TGT 5375 – 5340

Stock Future:

Aban:

Breakdown 657/ Stop 667/ TGT 639 – 627

Auro Pharma:

Breakdown 1169 / Stop 1181 / TGT 1145 – 1130

BHEL:

Breakdown 2154 / Stop 2169 / TGT 2120 – 2099

BRFL:

Breakout 252 / Stop 246 / TGT 265 – 270

Educomp:

Breakdown 455 / Stop 462 / TGT 440 – 430

Infosys:

Breakdown 3078 / Stop 3097 / TGT 3040 – 3015

SBI:

Breakdown 2588 / Stop 2605 / TGT 2552 – 2528 – 2502

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