Market Outlook for 17th May, 2012

Nifty Future:

Resistance around 4897 and crossover of 4903, it will move to 4930 – 4965

Support around 4840 and breaking 4834, it will fall to 4785 – 4750

Stock Future:

Buy Aban around 346 with Stop at 340. TGT 367 – 375

Short Tata Steel below 399 and add around 405 with Stop at 407. TGT 385 – 375

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

Happy Trading

C T Ramesh Raja