Market Outlook for 23rd May, 2011

Nifty Future:

Resistance around 5507 and crossing 5514, it will move to 5555.

Support  around 5425 and breaking 5419, it will fall to 5380 – 5335

Stock Future:

Short JSW Steel below 914 with Stop at 925. TGT 900 – 880

Short SBI below 2309 with Stop at 2325. TGT 2280 – 2260

Happy Trading

C T Ramesh Raja