STOCK MARKET OUTLOOK FOR TOMORROW 11-MAY

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By looking at Nifty technical charts, it is trading below its crucial support levels of 5,750 and 5,635. One can expect sharp volatile movements in the trading days. A major one sided movement can be expected only if Nifty moves above 5,750 or moves below 5,480 levels, until then the market may remain subdued.

For tomorrow trading session if indices sustain above 18,570 / 5,560 levels then they are likely to test 18,700 - 18,780 / 5,595 - 5,625 levels. However, on the downside if 18,430 / 5,515 level is breached then indices may test 18,270 / 5,470 levels

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