Market Outlook for 20th April, 2012

Nifty Future:

Buy near 5320 with Stop at 5312 close in 30 Minutes time frame. TGT 5390 – 5425

If closes below 5312 in 30 MTF, market will face severe selling pressure and could fall to 5225 – 5185

Stock Future:

Buy HDFC Bank above 554 with Stop at 546. TGT 570 – 580

Buy LT around 1326 with Stop at 1313. TGT 1355 – 1370

Good Luck !!

C T Ramesh Raja