TECHNICAL OUTLOOK 31-5-16

SCRIP	CLOSE	SUPPORT	RESISTANCE	OUTLOOK
NIFTY	8178.50	8080 8005 7940	8228 8285 8372	SUPPORT AT 8080
BANK NIFTY	17520.65	17335 17170 16820	17770 17900 18188	SUPPORT AT 17335
ITC	356.50	353 348 344	364 368 373	MILDLY BULLISH.
REL INFRA	545.95	528 505 496	553 565 578	MILDLY BULLISH.
VEDL	106.50	103 101 99	108 111 113	SELL ON RALLY.
TCS	2636.40	2605 2588 2555	2678 2707 2740	SELL ON RALLY.
SAIL	43.00	41 38 37	45 46 48	SELL ON RALLY.
SBI	198.85	195 190 184	204 208 215	MILDLY BULLISH.
DLF	126.50	124 121 117	133 136 140	SELL ON RALLY.
INFOSYS	1267.60	1245 1222 1205	1282 1313 1350	MILDLY BULLISH.
TATA MOTORS	421.25	413 402 392	432 444 456	SELL ON RALLY.
BHEL	120.70	118 114 109	125 129 132	SELL ON RALLY.
TATA STEEL	322.35	316 307 300	335 344 353	SELL ON RALLY.
WOCKPHARMA	931.70	905 887 858	945 969 982	SELL ON RALLY.
ONGC	213.45	209 204 200	219 223 229	MILDLY BULLISH.
ICICIBANK	244.50	235 231 226	248 253 261	SELL ON RALLY.
RELCAPITAL	414.30	401 389 381	421 433 441	MILDLY BULLISH.
RELIANCE	968.70	951 933 919	988 1001 1025	SELL ON RALLY.
HDIL	98.25	97 95 92	100 102 103	SELL ON RALLY.
MARUTI	4071.75	4038 3995 3960	4119 4141 4180	SELL ON RALLY.
HINDALCO	102.95	101 99 96	105 108 111	MILDLY BULLISH.
ACC	1537.15	1509 1489 1436	1577 1600 1637	MILDLY BULLISH.
LT	1478.10	1444 1395 1378	1505 1541 1588	MILDLY BULLISH.