Market Outlook for 28th February, 2011

Nifty Future:

Resistance around 5340 and crossover of 5347, it will move to 5377 – 5440 – 5470

Support around 5293 and breaking 5273, it will fall to 5235 – 5200

Stock Future:

Buy Hero Honda above 1495 with Stop at 1482. TGT 1525 – 1540

Short JSW Steel below 858 with Stop at 868. TGT 838 – 823

Short REL Infra around 649 with Stop at 656. TGT 629 – 617

Happy Trading

C T Ramesh Raja