Yesterday our market opened flat to negative taking cues from global markets but later it witnessed sustained buying interest after taking support at 4740 levels and finally closed near 4800 levels. In view of positive global markets, today our market may open positive and witness buying interest at current levels. If S&P CNX Nifty sustains above 4820 levels then further buying interest may be seen in the market towards 4880-4900 levels. On downside if it falls below 4740 levels, then again selling pressure may get intense in the market. Short term market trend is showing a pull back till the time Nifty trades above 4740 but medium term trend is negative till it trades below 4950 levels.
RELIANCE INFRASTRUCTURE
Execution Price Range Stop Loss Target
Buy Between Rs 1055 to 1066 1045 1092
CROMPTON GREAVES
Execution Price Range Stop Loss Target
Buy Between Rs 420 to 428 416 440
ACC LTD
Execution Price Range Stop Loss Target
Buy Between Rs 862 to 872 855 891
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