Market Outlook for 20th May, 2014

Nifty Future:

Market unfolds into one of the biggest Bull market and many stocks are crossing  crucial Resistance levels to enter into long term uptrend. Good days are ahead for traders / investors to earn money. Market will have intermittant sharp correction on every rise and will cross the earlier high by making higher highs and higher lows.

Nifty Future could face resistance around 7348 on its upmove and move beyond 7375 could give filip for upside to challenge the earlier high of 7625. Till then, it will continue to face pressure for correction.

In individual stocks, Rel Infra should move to 1120 in next few months and so too State bank to 2925.

Yesterday, we made very good money in taking positions in Midcap stocks and many have hit the circuit breaker.

If you are serious in making money, join us in chat room.

Trade Well !!