Nifty have resisatnce near 5020 level.

Sensex weekly chart has given a key bar reversal, which is a bearish pattern indicating that going forward more downside is still on the cards and the markets may test or even go below January levels.will possible This is the fourth consecutive day that Nifty has closed in red and as it is currently near the lower channel line support around 4940-4920 level,
In Nifty Keep SSL 5020 it will go up to 4910 level
Sell Sterlite Ind Keep SSL 855 tgt 832,825,815
Buy Indian Export Companys they will get profit from 1$ = 42 Rs.
Buy HTMT Global SSL 408 tgt 434,441,449
Buy Gitanjali gems SSl 275 tgt 285,290,300
Buy DLF near 580-590 level it can bounce back up to 650 rs. Acc Near 685-690 level & Air deccan near 125 also bounce back from this level.
Delivary call Webel SL Energy six month tgt 500 rs.
EPS 12 RS. , FII & Promoter Hoding will increase from 15 % to 26% in march’08
What is History saying about May market
Months Index returns (%)
May-98 -9.05
May-99 13.61
May-00 -1.89
May-01 3.65
May-02 -5.41
May-03 7.23
May-04 -21.06
May-05 8.86
May-06 -15.84
May-07 4.84
May-08 -3.68 ?
Till date What happen next ?