Market Outlook for 7th February, 2011

Trading Levels for Nifty Future:

Breakdown 5414 / Stop 5438 / TGT 5360 – 5325 – 5270

Stock Future:

HDFC:

Breakdown 603 / Stop 611 / TGT 585 – 575

DR REDDY:

Breakdown 1570 / Stop 1584 / TGT  1540 – 1525

JET AIRWAYS:

Breakdown 504 / Stop 512 / TGT 488 – 478

MCX – COMMODITIES:

CARDAMOM:

Breakout 1326 / Stop 1314 / TGT 1352 – 1370

CRUDEOIL:

Breakdown 4091 / Stop 4112 / TGT 4045 – 4015 – 3975

MENTHAOIL:

Breakdown 1046 / Stop 1057 / TGT 1023 – 1008

NICKEL:

Breakout 1305 / Stop 1292 / TGT 1330 – 1348

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