Market Outlook for 5th May, 2011

Nifty Future:

Short below 5545 and add around 5559 with Stop at 5570. TGT 5490 – 5455 – 5400

Stock Future:

Buy BPCL above 660 with Stop at 651. TGT 675 – 685 – 690

Short HDFC below 668 with Stop at 677. TGT 650 – 640

Short Infosys below 2837 with Stop at 2855. TGT 2810 – 2790 – 2750

Short Maruti below 1222 with Stop at 1234. TGT 1205 – 1180

Short Rel Infra below 640 with Stop at 649. TGT 620 – 610 – 600

Happy Trading

C T Ramesh Raja