Market Outlook for 4th May, 2010

Nifty Future:

Resistance around 5265. Crossover of 5275, could lead to 5320

Support around 5170. Breaking 5150, brunt of selling wave will happen and Index will crash to  5075 – 5025

Stock Future:

Short Aban around 1190 with SL at 1208. TGT 1140 – 1100

Short Siemens around 700 with SL at 708.  TGT 685 – 675 – 665

Best wishes

Happy Trading

C T Ramesh Raja