Market Outlook for 23rd May,2013

Following Written as per Market Profile study:

Nifty future:

Resistance around 6141 and crossover of 6160, it will move to 6225 – 6275

Support around 6087 and breaking 6081, it will fall to 5995 – 5935

Stock Future:

Short Infy around 2382 with Stop at 2394. TGT 2320 – 2305

Short SBIN below 2311 with Stop at 2336. TGT 2250 – 2205

Short Tata Steel around 310 with Stop at 315. TGT 296 – 286

Happy Trading !!

C T RAMESH RAJA