Market Outlook for 16th February, 2011

Trading Levels for Nifty Future:

Breakout 5467 / Stop 5443 / TGT 5520 – 5555

Stock Future:

CANBK:

Breakout 582 / Stop 574 / TGT 600 – 611

ICICIBANK:

Breakout 1059 / Stop 1047 / TGT 1083 – 1097

LICHSGFIN:

Breakout 188 / Stop 183 /  TGT 198 – 205

SBIN:

Breakout 2712 / Stop 2694 / TGT 2750 – 2775 – 2815

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