Market Outlook for 16th April 2013

Nifty Future:

Resistance around 5577 and crossover of 5584, it will move to 5625

Support around 5522 and breaking 5516, it will fall to 5475 – 5430

Stock Future:

Short JSW Steel below 667 with Stop at 676. TGT 652 – 638

Buy Maruti around 1423 with Stop at 1414. TGT 1445 – 1465