Market Outlook
Yesterday after a consolidation in earlier trade, S&P CNX Nifty witnessed sustained buying interest across the board. The Nifty saw sharp up move as it crossed immediate resistance of 4830-4840 levels and witnessed short covering till 4880 levels. In view of previous day's better closing and positive global markets, today our market may open positive and witness buying interest at current levels. If Nifty sustains above 4880 levels, then rally could be continue towards 4950-4980 levels. On downside if Nifty falls below 4800 levels, then only selling pressure may get intensify in the market.
TATAMOTORS
Execution Price Range Stop Loss Target
Buy Between Rs 697 to 707 690 727
CENTURYTEX
Execution Price Range Stop Loss Target
Buy Between Rs 490 to 500 482 523
MPHASIS
Execution Price Range Stop Loss Target
Buy Between Rs 735 to 743 729 760
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