Market Outlook for 3rd May, 2012

Nifty Future:

Resistance around 5288 and crossover of 5294, it will move to 5350

Support around 5208 and breaking 5202, it will fall to 5150 – 5115

Stock Future:

Short Axis Bank below 1098 with Stop at 1109. TGT 1080 – 1060

Short SBI below 2129 with Stop at 2144. TGT 2095 – 2075

Note: If stop is takenout after entry level, Trend Reversal will take place.

Happy Trading

C T Ramesh Raja