Market Outlook
Yesterday after a gap up opening S&P CNX Nifty could not move above 5150 levels and witnessed selling pressure around those levels and moved in a narrow range for the entire day. In view of flat to positive global markets, today our market may open flat to positive and move in a range bound manner. If S&P CNX Nifty sustains above 5145 levels, then we may see further up move towards 5180 levels. Nifty has crucial resistance around 5180 levels, where it may witness some selling pressure so short term traders are advised to book profit around those levels. On downside Nifty has support around 5080 levels, if it falls below that level then selling pressure may get
intensify and Nifty may move down towards 5050-5000 levels.
TATAMOTORS
Execution Price Range Stop Loss Target
Sell Between Rs 795 to 810 820 770
BHARATFORGE
Execution Price Range Stop Loss Target
Buy Between Rs 271 to 275 268 284
ABAN OFFSHORE
Execution Price Range Stop Loss Target
Buy Between Rs 1295 to 1310 1283 1345
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