Market Outlook for 18th May, 2011

Nifty Future:

Resistance around 5492 and crossing 5510, it will move to 5538 – 5485

Support around 5407 and breaking 5381, it will fall to 5345 – 5310

Stock Future:

Buy HDFC around 623 with Stop at 619. TGT 633 – 649 – 659

Short Hero Honda below 1796 with Stop at 1811. TGT 1773 – 1750

Short Maruti below 1193 with Stop at 1205. TGT 1175 – 1155

Short Tata Motors below 1175 with Stop at 1187. TGT 1155 – 1135

Happy Trading

C T Ramesh Raja