Market Outlook for 2nd May, 2011

Nifty Future:

Resistance around 5783 and crossover of 5802, it will move to 5835 – 5875 – 5890

Support around 5748 and breaking 5741, it will fall to 5700 – 5665

Stock Future:

Short Aban below 640 with Stop at 649. TGT 620 – 610

Short Can bank below 630 with Stop at 638. TGT 610 – 600

Buy Educomp above 486 with Stop at 478. TGT 505 – 515

Happy Trading

C T Ramesh Raja