Market Outlook for 30th May, 2011

“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.”

Jesse Livermore quote :

Nifty Future:

Resistance around 5471 and crossing 5478, it will move to 5515 – 5550

Support around 5415 and breaking 5411, it will fall to 5370 – 5320

Stock Future:

Short Acc around 995 with Stop at 1002. TGT 978 – 960

Buy BGR Energy above 481 with Stop at 473. TGT 493 – 505

Short LT around 1660 with Stop at 1670. TGT 1640 – 1615

Happy Trading

C T Ramesh Raja