Market Outlook for 1st March, 2012

Nifty Future:

Resistance around 5449 and crossover of 5459, it will move to 5477 – 5535

Support around 5395 and breaking 5389, it will fall to 5337 – 5302

S&R01.03.2012

Stock Future:

PNB breaking 959, short on retracement around 967 with Stop at 978. TGT 937 – 923

Buy Tata Coffee above 858 and add around 850 with Stop at 848. TGT 878 – 892

Note: If stop is takenout after Entry, trend reversal may happen.

Happy Trading

C T Ramesh Raja