Market Outlook for 24th May, 2013

Following Written as per Market Profile Study:

Nifty Future:

Resistance around 5996 and crossover of 6010, it will move to 6065 – 6096

Support around 5953 and breaking 5946, it will fall to 5892 – 5855

Stock Future:

Short Canbank below 422 with Stop at 429. TGT 410 – 400

Short ICICI Bank below 1155 with Stop at 1166. TGT 1135 – 1115

Happy Trading !!

C T RAMESH RAJA