Thursday, March 11, 2010

Daily Trading Tips

Market Outlook
In view of flat to positive global markets, today our market may also open steady and move in a range bound manner. S&P CNX Nifty is witnessing selling pressure around 5150 levels since last couple of days whereas taking support around 5080 levels on down side. If Nifty sustains above 5150 levels, then only we may see further up move towards 5180-5200 levels, whereas 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 5000-4980 levels.


ITC
Execution Price Range                   Stop Loss                        Target
Buy Between Rs 250 to 254               248                                 262

HINDUNILVR
Execution Price Range                   Stop Loss                       Target
Buy Between Rs 236 to 240            233                                 249


BRFL (BOMBAY RAYON FASHION)
Execution Price Range                  Stop Loss                       Target
Buy Between Rs 214 to 218            211                                   227

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