Market Outlook for 29th March, 2012

Warning: Nifty ( Spot) 200 days moving average is around 5151 and market could reverse from here. If sustained selling happens below this level, then it can drift to 5072

Nifty Future:

Resistance around 5220 and crossover of 5226, it will move to 5260 – 5288

Support around 5193 and breaking 5187, it will fall to 5135 – 5117

Stock Future:

Short Aban around 424 with Stop at 428. TGT 406 – 396

Can bank breaking 446, short on retracement around 452 with Stop at 454. TGT 430 – 420

Happy Trading

C T Ramesh Raja