Market Outlook for 29th May, 2012

Nifty Future:

Resistance around 5031 and crossover of 5037, it will move to 5087

Support around 4931 and breaking 4925, it will fall to 4890 – 4864

Stock Future:

Buy Bank Baroda above 687 with Stop at 678. TGT 705 – 718

Buy JSW Steel above 617 with Stop at 609. TGT 635 – 647

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

Happy Trading

C T Ramesh Raja