Market Outlook for 12th May, 2011

From today I am writing in Vista page, swing trading basically intended for few days of positional trade based on “Trend following System”. Lets see how much Profit / Loss it generates at the end of three months. This could be a learning process if one follows trend of market.

Three months duration is taken, since swing trades normally generates a few signals, nevertheless it can also generate whipsaws.. We will go with the trend , following all signals  and see what our Ledger shows after a period of three months.

Let me take two frontline stocks.. Infosys and SBI for the swing trade, as both are front runners of Index Movement.

Follow me in Vista Page……

Nifty Future:

Resistance around 5578 and crossover of 5584, it will move to 5620 – 5660

Support around 5543 and breaking 5523, it will fall to 5495 – 5460 – 5425

Stock Future:

Buy Dr Reddy above 1617 with Stop at 1604. TGT 1640 – 1660

Buy HDFC Bank above 2267 with Stop at 2251. TGT 2290 – 2320

Happy Trading

C T Ramesh Raja