Market Outlook for 3rd May, 2010

Nifty Future:

Buy Position need to be protected with stop at 5233. Below this, it could drift to 5185 – 5160.

Resistance around 5285 and crossover of 5300, it can move to 5320 – 5365

Stock Future:

Buy Auropharma around 937 with SL at 932. TGT 960 – 975

Short Century Textiles around 530 with SL at 533. TGT 510

Buy Hind Zinc around 1238 with SL at 1230. TGT 1255 – 1275. Crossover of 1283, could lead to 1325.

Best wishes

Happy Trading

C T Ramesh Raja