Market Outlook for 19th April, 2011

Nifty Future:

Resistance around 5760 and crossover of 5766, it will move to 5795 – 5820 – 5840

Support around 5687 and breaking 5681, it will fall to 5630 – 5590

Stock Future:

Buy Can bank above 672 with Stop at 663. TGT 690 – 700

Short Jindal steel below 657 with Stop at 666. TGT 640 – 630

Short Reliance capital around 600 with Stop at 608. TGT 575 – 565

Happy Trading

C T Ramesh Raja