Wednesday, April 7, 2010

Daily Trading Tips

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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