Market Outlook for 19th May, 2016

Nifty Future:

Resistance around 7938 and crossover of 7946, could move to 7995 – 8050

Support around 7840 and breaking 7833, could fall to 7785 – 7730

Stock Future:

Buy Bata India around 589 with Stop at 581. TGT 600 – 608

Short BPCL below 936 with Stop at 947. TGT 920 – 900

Good Luck !!