Daily Trading Tips

Market Outlook

Yesterday after moving in a lackluster manner the index pared all its gains and witnessed profit booking in market and finally closed on a negative note. If the S&P CNX Nifty sustains above 5300 levels then it may move up towards 5350-5400 levels in coming days. On downside if Nifty falls below 5250 levels then further selling pressure may get intensify and we may test 5180-5150 levels. Short-term investors are advised to remain light and avoid over-leveraged positions as indices are turning from 2-year highs with volumes so if further selling pressure comes then a possibility of 5-7% correction could not be ruled out in the market.

TATASTEEL

Execution Price Range           Stop Loss             Target

Sell Between Rs 638 to 645         651                  620

ROLTA

Execution Price Range                Stop Loss            Target

Buy Between Rs 180 to 183        178                     190

TATA MOTORS

Execution Price Range                Stop Loss               Target

Buy Between Rs 748 to 758           740                       782