Market Outlook for 10th May, 2012

Nifty Future:

Resistance around 5038 and crossover of 5044, it will move to 5083 – 5118

Support around 4988 and breaking 4983, it will fall to 4933 – 4900

Stock Future:

BPCL crossing 700, buy on retracement around 693 with Stop at 691. TGT 718 – 730

TCS breaking 1213, short on pullback around 1222 with Stop at 1225. TGT 1190 – 1175

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

Happy Trading

C T Ramesh Raja