BUY JUNE NIFTY 5500 CE AT 76

BUY  JUNE  NIFTY 5500 CALL AT 76  SL 67; TARGETS LATER - RAJAN IYER

NIFTY FUTURES TRADING LEVELS FOR 23.05.2011

NF TRADING LEVELS FOR 23.05.2011
BUY  ABOVE  5490  FOR TARGETS OF 5525/5540/5565  SL  5475
SELL BELOW 5465  FOR  TARGETS OF 5440/5415/5390 SL  5480
RAJAN IYER

Market Outlook for 23.05.2011

Last week global markets closed  in the red..   Dow  - 93 points  FTSE - 7 points  CAC  - 91 Pts; DAX  - 36 points;   Today,  entire Asian markets are down with Nikkei  - 132 pts; Hangseng  - 361; Straits Times - 33 Pts; Shanghai - 32 Pts;   SGX Nifty is trading 53 points down at 5425;  A gap down opening is expected, with high volatile session, ahead of  expiry; - Rajan Iyer