Market Outlook for 17th May, 2016

Nifty Future:

Resistance around 7921 and crossover of 7929, could move to 7978 – 8034

Support around 7871 and breaking 7864, could fall to 7835 – 7790

Stock Future:

Buy Glenmark above 877 with Stop at 867. TGT 907.

Buy Indusindbk around 1073 with Stop at 1057. TGT 1107 – 1128

Good Luck !!