Market Outlook for 16th May, 2016

Nifty Future:

Resistance around 7848 and crossover of 7856, could move to 7885 – 7935

Support around 7772 and breaking 7757, could fall to 7723 – 7670

Stock Future:

Short Hindunilvr around 846 with Stop at 855. TGT 822 – 811

Buy Yes bank above 955 with Stop at 944. TGT 972 – 992

Good Luck !!