Market Outlook for 13th May, 2011

Nifty Future:

Resistance around 5523 and crossover of 5544, it will move to 5569 – 5625

Support around 5480 and breaking 5477, it will fall to 5425 – 5390

Stock Future:

Short BGR Energy below 481 with Stop at 488. TGT 470 – 455

Short Maruti around 1218 with Stop at 1228. TGT 1180 – 1155

Short Reliance around 951 with Stop at 959. TGT 936 – 918

Happy Trading

C T Ramesh Raja