Market Outlook for 20th May, 2010

Nifty Future:

Support around 4887 and break of 4869, market will collapse to 4800 – 4750

Resistance around 4995 and crossover of 5015 could push the index to 5080

Stock Future:

Reliance capital breaking 630, short on pullback around 645 with SL at 656. TGT 580.

Best wishes

Happy Trading

C T Ramesh Raja