Market Outlook for 23rd March, 2011

Nifty Future:

Resistance around 5443 and crossover of 5450, it will move to 5465  and above 5477, hectic short covering can push to 5515 – 5540

Support around 5405 and breaking 5390, it will fall to 5360 – 5320

Stock Future:

Short JSW Steel around 892 with Stop at 900. TGT 878 – 862

Buy SBI around 2615 with Stop at 2603. TGT 2640 – 2665 – 2675

Happy Trading

C T Ramesh Raja