General market outlook for 23rd May Friday

Markets are likely to open on a flat to positive note on account of 5022 Nifty level being held & positive Dow closing(+25pts).
Key levels for Nifty to keep in mind are again 5008 & 5022,below which Nifty will face tought times.

Look to get into Nifty fut or Stocks mentioned at around 5008-5022 Nifty Spot levels for likely intraday targets of 5050-5065.

Crude oil fell more than $2 a barrel on signs that a 15% increase in prices this month isn't justified by stockpiles and demand.
The fundamentals justify a price between $80 and $100,'' said Sarah Emerson, managing director of Energy Security Analysis Inc.
Fall in Crude oil price is highly proportional to Cairn India stock price.
Look to get in far out the money Put options for Cairn.