Intraday outlook of Market for May 6, 2010

• NIFTY
  

If Nifty manage to stay above 5115 or 5120 level than think to buy

Else short at every rise with stop loss of 5120 or little above

• BANKNIFTY
  

If Bank Nifty cross 9600 than & sustain for 5 min than only think to buy

Else short at every rise with stop loss of just above 9600

Stop loss for buy side below 9580 or 9570

• ABAN
  

Keep stop loss of 1095 & short at every rise

Buy above 1100 with stop loss of 1090 or

If not break 1060 than buy in deep with stop loss of 1050 (it s positional call)

• RELIANCE
  

Buy Reliance Above 1020 with stop loss of 1015

Short Reliance Below 1010 with stop loss of 1020