Market Outlook
Yesterday our market consolidated in a narrow range and finally at the end of day closed flat. In view of better global market, today our market may open positive and move in a range bound manner. Nifty future which is trading near two years high levels, if now holds these gains and moves up with significant volumes pick up then we may see 5450-5500 levels in coming days. Whereas on downside if it fails to hold the gain or sustains below 5300 levels then selling pressure may get intensified and we may see a profit booking towards 5250-5200 levels.
MARUTI
Execution Price Range Stop Loss Target
Sell Between Rs 1380 To 1395 1405 1350
UNIPHOS (UNITED PHOSPHOROUS)
Execution Price Range Stop Loss Target
Buy Between Rs 152 to 155 150 163
M&M (MAHINDRA & MAHINDRA)
Execution Price Range Stop Loss Target
Sell Between Rs 538 to 548 555 517
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