Free daily outlook for 25 March 2011
Nifty closed 5522.40(+42.15) after showing high of 5528.90 low of 5496.20.
Previous week close was 5373 and High was 5538.
Nifty will try for 5561.
Profit booking is expected here.
Bulls will try for a close above 5538,hence if they rig up mkts at end 5608- 5685(200 DMA),-5797-5964 will open for next week.
The way Nifty ,Sensex and Many stocks have closed with up gaps intact this is quite posssible ,unless
On Friday (55215516)(55085503) would be buy levels. Strong Mkts will not breach 5512
Above 5528 (Todays High) we open (5552) sell levels and above 5552 we have 5610 and 5666--5679 (200 Dma)--again heavy sell
If close above 5680opens -- (5797-5965) Again heavy sell area
Below 5496 low of today opens 558654595438541753775313 last Buy area.
Weak if close below 5313 opens -5268 -5233-5177-5121.(Last Bull Buy area)
TRADES
CMP 365 BUY ABG SHIP (532682) AT ABOVE 366 TARGET 374-385-402 STOP LOSS 344
CMP 190 BUY IRB INFRA 532947 AT ABOVE 192 TARGET 207 STOP LOSS 178
CMP 81 BUY INDIAN HOTEL 500850 ABOVE 82 TARGET 85-87-90 STOP LOSS 76
CMP 56 BUY ASHOK LEYLAND 500477 ABOVE 56.5 TARGET 60-64 STOP LOSS 50
CMP 447 BUY KOTAK BANK 500247 ABOVE 448 TARGET 461-477 STOP LOSS 416 OR NEAREST 431