Market Outlook for 25th February, 2011

Nifty Future:

Resistance around 5327 and crossover of 5331, it will move to 5375 – 5415.

Support around 5242 and breaking 5238, it will fall to 5190 – 5150.

Stock Future:

ABGSHIP:

Breakdown 352 / Stop 359 / TGT 338 – 330

BHEL:

Breakdown 2011 / Stop 2026 / TGT 1980 – 1960

Note: If stop is takenout after entry, Trend Reversal will take place.

Happy Trading

C T Ramesh Raja