Market Outlook for 25th May, 2010

Nifty Future:

Support around 4905. Breaking 4889, the selling pressure will emerge and Index could drift to 4820 – 4785 – 4730

Resistance between 4975 – 4995.  Only a close above 5012 on closing basis, trend could change for upside.

Stock Future:

Short DLF around 269 with SL at 279.  TGT 255 – 245

Buy L & T around 1595 with SL at 1585. TGT 1650.

Best wishes

Happy Trading

C T Ramesh Raja