Market Outlook for 31st May, 2010

Nifty Future:

Support around 5005. Breaking 4996, will drift to 4970 – 4940. The level of 4930 is lethal and below that it could be a disaster.

Resistance around 5080. Crossover of 5100, will move to 5150 – 5170

Stock Future:

Buy Axis Bank around 1201 with SL at 1198. TGT 1225 – 1245 – 1265

Best wishes

Happy Trading

C T Ramesh Raja