Market Outlook
In view of flat to positive global market and lack of buying interest by FIIs, today our market may open flat to positive and move in a range bound manner. If Nifty sustains above 4850 levels, then we may see a pull back towards 4920-4950 levels. On downside if Nifty falls below 4750 levels, then again selling pressure may get intense in the market and it may move down towards 4680-4650 levels. Short term market trend is showing a pull back till the time Nifty trades above 4750 but medium term trend is still negative till it trades below 4950 levels.
DLF
Execution Price Range Stop Loss Target
Sell Between Rs 305 to 310 312 298
HCLTECH
Execution Price Range Stop Loss Target
Buy Between Rs 358 to 364 354 375
IDFC
Execution Price Range Stop Loss Target
Buy Between Rs 146 to 150 144 156
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