Market Outlook for 22nd February, 2012

Nifty Future:

Resistance around 5674 and crossover of 5681, it will move to 5735

Support around 5596 and breaking 5585, it will fall to 5535 – 5500

Stock Future:

Buy JSW Steel above 873 and add around 865 with Stop at 863.35. TGT 895 – 908

BUY LT above 1455 and add around 1445 with Stop at 1442.70. TGT 1482 – 1500

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

Happy Trading

C T Ramesh Raja