Market Outlook for 6th May, 2011

Today, trade with caution .. Market likely to reverse from lows as RSI readings diverge with price in 60 minutes TF.

Nifty Future:

Short below 5471 and add around 5485. Stop 5495. TGT 5418 – 5385

Stock Future:

Short Aban below 580 with Stop at 589. TGT 562 – 550

Short BGR Energy below 502 with Stop at 511. TGT 485 – 475

Short BHEL below 1989 with Stop at 2004. TGT 1957 – 1937

Short Mcdowell below 1015 with Stop at 1026. TGT 997 – 985 – 970

Happy Trading

C T Ramesh Raja