Daily Trading Tips

Market Outlook

After a gap up opening yesterday our market moved in a narrow range for the entire day. S&P CNX Nifty is sustaining at higher levels along with positive inflow by FIIs and better market volumes. In the absence of any trigger now it will depend upon how the global markets trade. If those markets remain positive and our market holds on to these gains then a further up move may be seen in the market towards 5300 levels. On down side Nifty has support around 5180 levels, if it falls below this level then selling pressure may get intensify and we may test 5120-5100 levels.

MARUTI

Execution Price Range                               Stop Loss                   Target

Sell Between Rs 1440 to 1460                     1470                           1410

INDIAINFO

Execution Price Range                                Stop Loss                      Target

Buy Between Rs 120 to 124                         118                               132

WELSPUN GUJ

Execution Price Range                               Stop Loss                           Target

Buy Between Rs 265 to 270                         263                                   279