Market Outlook for 4th February, 2011

Trading Levels for Nifty Future:

Breakout 5531 / Stop 5507 / TGT 5585 – 5620

Stock Future:

HDFC Bank:

Breakout 2076 / Stop 2061 / TGT 2108 – 2130

JSW Steel:

Breakout 945 / Stop 935 / TGT 965 – 980

LT:

Breakout 1628 / Stop 1614 / TGT 1655 – 1675

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