Market Outlook for 8th February, 2011

Trading Levels for Nifty Future:

Breakdown 5397 / Stop 5422 / TGT 5345 – 5310 – 5260

Stock Future:

Auro Pharma:

Breakdown 1161 / Stop 1173 / TGT 1137 – 1121

Educomp:

Breakdown 446 / Stop 454 / TGT 431 – 421

ICICI Bank:

Breakdown 977 / Stop 988 / TGT 955 – 940 – 920

MCX – COMMODITIES:

Cardamom:

Breakdown 1287 / Stop 1299 / TGT 1261 – 1245

Crudeoil:

Expect bounce to 4035 from yesterday’s close of 3995

Breakdown 4035 / Stop 4056 / TGT 3990 – 3960 – 3910

Gold: (Apr)

Breakdown 20154 / Stop 20200 / TGT 20050 – 19985

Menthaoil:

Breakdown 1040 / Stop 1051 / TGT 1017 – 1002

Nickel:

Breakdown 1273 / Stop 1285 / TGT 1247 – 1230

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