Market Outlook for 18th February, 2011

Trading Levels for Nifty Future:

Breakout 5552/ Stop 5527 / TGT 5605 – 5640

Stock Future:

ABGSHIP:

Breakout 370 / Stop 363 / TGT 383 – 393

Canbk:

Breakout 611 / Stop 602 / TGT 628 – 640

Educomp:

Breakout 503 / Stop 495 / TGT 520 – 530

JSW Steel:

Breakout 930 / Stop 920 / TGT 952 – 967

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