Market Outlook for 30th May, 2012

Today, the following is given for Chat room Susbcribers.

This is released after market hours for non-subscribers.

Nifty Future:

Resistance around 5001 and crossover of 5019, it will move to 5080

Support around 4956 and breaking 4951, it will fall to 4912 – 4868

Stock Future:

Short Axis Bank below 1011 with Stop at 1022. TGT 993 – 975

Buy Maruti above 1137 with Stop at 1125.90. TGT 1155 – 1175

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

Happy Trading

C T Ramesh Raja