Market Outlook for 6th May, 2010

Nifty Future:

Support around 5100 and break of 5088 could lead to 5060 – 5010 – 4975

Resistance around 5155 and crossover of 5170 couldĀ  move to 5200

Stock Future:

Buy LIC housing around 950 with SL at 947. TGT 975 – 990

Buy Mphasis around 677 with SL at 674. TGT 705 – 715

Best wishes

Happy Trading

C T Ramesh Raja