Market Outlook for 19th May, 2011

Nifty Future:

Resistance around 5431 and crossing 5451, it will move to 5478 – 5525

Support  around 5395 and breaking 5390, it will fall to 5350 – 5310

Stock Future:

Short Bank Baroda below 842 with Stop at 852. TGT 826

Short Bhel around 2070 with Stop at 2082. TGT 2048 – 2028

Short SBI below 2320 with Stop at 2336. TGT 2295 – 2265

Happy Trading

C T Ramesh Raja