Market Outlook for 16th April, 2012

Nifty Future:

Resistance around 5245 and crossover of 5252, it will move to 5286 – 5303

Support around 5220 and breaking 5216, it will fall to 5176 – 5143

Stock Future:

Maruti crossing 1333, Buy on pullback around 1324 with Stop at 1321. TGT 1359 – 1377

Short Mcdowell around 709 with Stop at 717. TGT 665 – 653

Short Tata Coffee below 840 with Stop at 850. TGT 820 – 805

Good Luck !!

C T Ramesh Raja