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SENSEX & BANK NIFTY OUTLOOK - 12TH MAY

Source : http://www.moneyvistas.in/  
Sectoral chart of 11th May
Let me write something about my previous outlook:
I was expected 100 point gap up on sensex but it opened 30 points gap up and gave up gains.17400 is resistance which i mentioned 11th May High is 17380.
Bank nifty exactly made a high at 9740 resistance mentioned by me.And support mentioned between 9570 to 9630.Bank nifty 11th may low at 9593 and closed at 9626.

Now for 12 th May bank nifty may open flat to 40 points positive side and resistances at 9740 and 9840.
Down side support at 9440.

Sensex Resistance at 17260 and 17490
Down side supports at 16985 and 16828.

Everyday morning i post intra day stock picks.
*11th May stock picks performance
SAL Steel up 0.89 % above buy recommendation
SMS Pharma up 1.47% above buy recommendation 

Cheers & Best to your trading.



Disclosure: no positions