Market Outlook for 14th May, 2012

Nifty Future:

Resistance around 4985 and crossover of 4991, it will move to 5018 – 5052

Support around 4940 and breaking 4933, it will fall to 4884 – 4850

Stock Future:

Buy Axis Bank above 999 with Stop at 988. TGT 1013 – 1034

Short LT below 1132 with Stop at 1143. TGT 1116 – 1095

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

Happy Trading

C T Ramesh Raja