Market Outlook for 27th May, 2010

Nifty Future:

Support at 4895. Breaking 4884, it could go for sell off to 4805 – 4775 – 4730

Resistance around 4950. Crossover of 4960, will lead to 4995

Stock Future:

Short Axis Bank around 1183 with SL at 1193. TGT 1130.

Short BHEL around 2292 with SL at 2307. TGT 2230 – 2200

Best wishes

Happy Trading

C T Ramesh Raja