MARKET IDEA FOR 25-5-16

Crude Oil and Dollar Index to be Watch out. Nifty - watch with open Eye 7811 -spot
Script Name	Trend		Closing price			Recommendations
Nifty Spot	UP		7748			Do not panic till not break 7680 with volume
Nifty Future	Up		7759			Decent support 7700 watch out, resistance 7825
Bank -Future	Up		16488			Short should be protect with stop loss 16600
Axis Bank	Up		490			Resistance 490
ICICI Bank	Up		224			Strong resistance 225-230
Yes Bank	Up		977			Any long with stop loss 945
SBI	Up		170			Looks some up side towards 175
BOB	Down		130			Hold short position with trailing stop loss
Reliance	Up		941			Over sold counter - fresh short avoid
LT	Up		1243			Result day higher level to sell side
Tata Steel	Up		317			Result day... trend change above 340 - sell side
Telco	Up		389			Time for consolidation, below 380 wekaness
HDFC	Up		1174			Today trade to buy side on intra day
LIC Housing	Up		434			Time to buy in small qty on intra day
Ashok Leyland	Up		102.50			Big move today as a result day, if not break 100
HPCL	Up		809			Ready to fall below 800
Lupin	Down		1469			On the day result our sell call at 1690 (High 1692)
Sun Pharma	Down		773			More down side
Rel Capital	Up		384			Sell on rally
Bharti Tele	Up		344			Support broken now towards 300-310 in near term
TCS	Up		2473			Decent support 2400 + buying opportunity at lower level
DLF	Up		120			Avoid
Tech M&M	Down		475			Excellent result, but big task to cross 495-500