Market Outlook for 16th March, 2012

Nifty Future:

Resistance around 5488 and crossover of 5500, it will move to 5550 – 5590

Support around 5412 and breaking 5406, it will fall to 5355 – 5320

S&R16.03.2012

Stock Future:

Buy Jet Airways above 337 and add around 332 with Stop at 330.90. TGT 350 – 359

Short JSW Steel below 751 with Stop at 761. TGT 732 – 720

Short SBI below 2308 and add around 2320 with stop at 2324. TGT 2275 – 2250

Good Luck !!

C T Ramesh Raja