Friday, March 12, 2010

daily trading tips

Market Outlook
In view of flat to positive global markets and no major triggers, our market may also open steady and move in a range bound manner. If S&P CNX Nifty sustains above 5150 levels, then only we may see further up move towards 5200-5230 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.

MARUTI SUZUKI
Execution Price Range                Stop Loss             Target
Sell Between Rs 1470 to 1490          1500                  1440

RANBAXY
Execution Price Range               Stop Loss                 Target
Buy Between Rs 456 to 463           450                     480


ICICI BANK
Execution Price Range                Stop Loss               Target
Buy Between Rs 920 to 930          915                        948


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