Market Outlook Jan 21 2011

Yesterday indices traded in the negative territory in the first half, before financial and technology shares lead a smart bounce back in late trade.

The Nifty is back above 5,700 level and the Sensex is above 19,000 once again though it was extremely volatile in trade yesterday. Asian and world market had been down on worries and anticipation of aggressive policy tighting in China and India.



Next Day Trading Ranges : Key Resistences and Support Areas

The [R3] or the most extreme high trading range is 5823.
The [R2] or the extreme high trading range is 5785.
The [R1] or the high trading range is 5738.
The [P] or pivot point is 5700.
The [S1] or the low trading range is 5653.
The [S2] or the extreme low trading range is 5615.
The [S3] or the most extreme low trading range is 5568.




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