Daily Trading Tips

Market Outlook

Yesterday our market opened negative and after a short recovery again it witnessed selling pressure at higher levels around 5150-5160 levels. In view of flat to positive to global markets our markets may open steady and move in a range bound manner. If S&P CNX Nifty sustains above 5250 levels then further buying interest may be seen in the market, although on upside it seems tough for market to cross previous 52 weeks high 5310 levels in next couple of days but for any reason if it moves above this level then only a further upside move may be seen in the market. On downside If S&P CNX Nifty falls below 5180 levels then selling pressure may get intensify and we may test 5100-5080 levels in coming days which is a major support for the market.

TATAMOTORS

Execution Price Range           Stop Loss                Target

Sell Between Rs 670 to 680      685                         650

DIVISLAB

Execution Price Range            Stop Loss                Target

Buy Between Rs 640 to 650          630                         675

BIOCON

Execution Price Range            Stop Loss                  Target

Buy Between Rs 283 to 287           280                       295