Market Outlook for 16th May, 2011

Nifty Future:

Resistance around 5568 and crossover of 5577, it will move to 5618 – 5645

Support around 5504 and breaking 5492, it will fall to 5440 – 5410

Stock Future:

Buy Bhushanstl around 452 with Stop at 442. TGT 475 – 480

Short Infosys below 2854 with Stop at 2872. TGT 2820 – 2785

Happy Trading

C T Ramesh Raja