Market Outlook for 19th May, 2010

Nifty Future:

Support around 5045. Break of 5028, will invite selling pressure and index might go down to 4970 – 4940 – 4885

Resistance around 5101. Crossover of 5121, hectic short covering can push the market to 5170 – 5210

Stock Future:

Short Aban around 785 with SL at 796. TGT 760 – 745 – 725

Buy BHEL around 2320 with SL at 2300. TGT 2370 – 2395

Buy LIC housing around 970 with SL at 957. TGT 1005 – 1020

Best wishes

Happy Trading

C T Ramesh Raja