Market Outlook for 22nd May, 2012

Nifty Future:

Resistance around 4929 and crossover of 4935, it will move to 4985 – 5020

Support around 4851 and breaking 4846, it will fall to 4795 – 4765

Stock Future:

Buy Bank Baroda above 668 with Stop at 659. TGT 686 – 698

Buy Bomdyeing around 442 with Stop at 436. TGT 458 – 468

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

Happy Trading