Thursday, May 22, 2008

Nifty Spot for May 22 - Tanmoy Ghosh

Nifty spot would be positive only above 5123.45, with an upper target of 5137/5145/ 5167/ 5181.
If it sustains above 5167, which is a strong resistance, then we could see 5202/ 5210/ 5222 max.
Below 5111, we will be negative and the lower target would 5043, which would be a strong support.

STOCKS TO WATCH: ISPAT, M&M.

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