Market Outlook for 22nd March, 2011

Nifty Future:

Resistance around 5413 and crossover of 5425, it will move to 5460 .

Support around 5380 and breaking 5378, it will fall to 5330 – 5290

Stock Future:

Educomp:

Short around 413 with Stop at 421. TGT 402 – 392 – 382

HDFC Bank:

Short around 2170 with Stop at 2184. TGT 2147 – 2120 – 2090

Rel Infra:

Short below 625 with Stop at 633. TGT 607 – 595

Happy Trading

C T Ramesh Raja