Market Outlook for 31st January, 2011

Trading Levels for Nifty Future:

Breakdown 5532 / Stop 5557 / TGT 5509 – 5485 – 5425

Stock Future:

ABAN:

Breakdown 677 / Stop 687 / TGT 660 – 645

ABGSHIP:

Breakdown 348 / Stop 354 / TGT 335 – 325

BANK BARODA:

Breakdown 830 / Stop 840 / TGT 810 – 795

DR REDDY:

Breakout 1589 / Stop 1575 / TGT 1615 – 1635

MCDOWELL:

Breakout 1259 / Stop 1246 / TGT 1285 – 1300

Note:

Breaking  BO / BD level, it can bounce to midpoint between BO / BD and STOP. All stops are very powerful and if its takeout after entry level, then trend change will take place.

Happy Trading

C T Ramesh Raja