Market Outlook for 17th February, 2012

Nifty Future:

Resistance around 5564 and crossover of 5567, it will move to 5620 – 5660

Support around 5503 and breaking 5491, it will fall to 5455 – 5425

Stock Future:

Buy Bank India above 391 and add around 386 with Stop at 384.75. TGT 405 – 415

Orchidchem crossing 187, Buy on pullback around 183 with Stop at 182.35. TGT 196 – 205

Note: If stop is takenout after Entry, trend reversal may happen.

Good Luck !!

C T Ramesh Raja