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INDIAN EQUITY MARKET OUTLOOK-18 May 2015

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INDIAN BENCHMARKS  are likely to open on a dull note as the global cues look muted with SGX Nifty trading 3.50 points higher.
               
Headlines for the day:
ONGC strikes oil at Mumbai High
Federal Bank Board approves bonus issue in the ratio of 1:1
Maruti Suzuki to get shareholder’s nod for setting up Gujarat

Trend in FII flows: The FIIs were net  sellers of Rs  - 38.31 Cr in the cash segment on Friday while the DIIs were net buyers of Rs  563.6 Cr, as per the provisional figures released by the NSE.

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  1. BUY JBCHEMPHARMA CASH ABOVE 240.10 SL 238.50 TGT 242.25-246+
    BUY IOC CASH AT CMP 342 SL 338.55 TGT 345-348+
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