Market Outlook for 18th April, 2011

Nifty Future:

Resistance around 5892 and crossover of 5898, it will move to 5955 – 5995

Support around 5806 and breaking 5800, it will fall to 5745 – 5710

Nifty Future – Market Profile Chart

Stock Future:

Buy aban around 693 with Stop at 680. TGT 725 – 740

Buy Bajaj Auto above 1425 with Stop at 1412. TGT 1445 – 1475

Buy Dr Reddy above 1656 with Stop at 1646. TGT 1695 – 1715

Short ICICI Bank around 1115 with Stop at 1129. TGT 1098 – 1070 – 1055

Short Mcdowell below 1048 with Stop at 1059. TGT 1030 – 1015 – 1000

Happy Trading

C T Ramesh Raja