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Monday, May 11, 2009

Market Outlook for the week 11 May to 15 May

For Monday, market will open with positive note and will face resistance @ 3665 - 3710.However, sustaining above 3710 will lead to 3800+ levels. But as told earlier profit booking can come at 3710 -3840 range .Stay cautious in this range.
For few consecutive closes below 3580 will lead to panic selling, and Nifty may slide to 3445-3328.Nifty range for this week will be 3580 - 3710. Breakout on either side will lead to sharp movement.Due to technical reasons we are not able to provide detailed analysis this week, Kindly bear with us.

Nifty Levels-
Resistance: 3665 - 3710 - 3775 - 3840 - 3890
Support: 3580 - 3520 - 3445 - 3412 – 3328

Stocks for the week-
Gruh Finance
ICRA
Mah Seamless
Crompton greaves
Noida toll
Rolta

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Only accuracy here!!!!
Note: In the current market dont trade without levels, and if trading then one must keep booking profits, or trail stoploss, as market is highly volatile.
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Posted by Rulers!! at Monday, May 11, 2009

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