Daily Trading Tips

Market Outlook

Positive global markets helped the indices hit new 52-week highs and ended above 5300 levels for the first time in last two years. We have to watch for a follow up buying to confirm this breakout (unless sustains with high volumes); if the S&P CNX Nifty sustains the positive gain then the Nifty can head towards 5400-5430 levels in coming days. On downside if Nifty falls below 5250 levels then selling pressure may get intensify and we may test 5180-5150 levels. Our markets are making new high but there is no strong follow up action, volumes are not much encouraging and market breath is negative so cautious approach is advising in the market at higher

levels.

JSWSTEEL

Execution Price Range                           Stop Loss                   Target

Sell Between Rs 1265 to 1275                   1285                         1235

SYNDICATE BANK

Execution Price Range                           Stop Loss                     Target

Buy Between Rs 85 to 87                         83                                  93

BHEL

Execution Price Range                             Stop Loss                        Target

Buy Between Rs 2380 to 2400                       2370                     2435