Market Outlook for 17th May, 2011

Nifty Future:

Resistance around 5525 and crossing 5538, it will move to 5570 – 5610

Support around 5485 and breaking 5479, it will fall to 5445 – 5400

Stock Future:

Short JSW Steel below 922 with Stop at 932. TGT 905 – 890

Short LT below 1511 with Stop at 1524. TGT 1490 – 1470

Happy Trading

C T Ramesh Raja