Market Outlook for 21st March, 2011

Nifty Future:

Buy around 5320 with Stop at 5315. TGT 5355 – 5385 – 5425

Short around 5407 with Stop at 5432. TGT 5360 – 5320

As Divergence between Indicators and Price exists, look for probable pullback from 5320 level.

Stock Future:

Short Aban below 579 with Stop at 588. TGT 562 – 552

Short HDFC  below 627 with Stop at 636. TGT 615 – 605 – 595

Short Infosys below 2959 with Stop at 2977. TGT 2935 – 2920 – 2900

Buy Mcleodruss above 270 with Stop at 264. TGT 280 – 290

Happy Trading

C T Ramesh Raja