Market Outlook for 9th February, 2011

Trading Levels for Nifty Future:

Breakdown 5327 / Stop 5351 / TGT 5275 – 5240 – 5190

Stock Future:

ABB:

Breakdown 654 / Stop 663 / TGT 636 – 625

Can Bank:

Breakdown 548 / Stop 556 / TGT 532 – 521

Hind Zinc:

Breakdown 1241 / Stop 1253 / TGT 1215 – 1200

Rel Capital:

Breakdown 478 / Stop 486 / TGT 463 – 452

MCX – Commodities:

Cardamom:

Breakdown 1271 / Stop 1283 / TGT 1246 – 1230

Crudeoil:

Breakdown 3955 / Stop 3976 / TGT 3910 – 3880

Menthaoil:

Breakout 1082 / Stop 1070 / TGT 1105 – 1120

Nickel:

Breakout 1281 / Stop 1269 / TGT 1303 – 1315

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