Friday, April 16, 2010

Daily Trading Tips

Market Outlook
Yesterday after a positive opening, our market witnesses sustained selling pressure and finally at the end of day closed below important support of 5280 levels. If S&P CNX Nifty sustains below 5250 levels, then further selling pressure may get intensified in the market and we may see profit booking towards 5200-5180 levels. But for any reason if it sustains above 5350 levels, then further buying interest may be seen in the market towards 5380-5400 levels

L&T (LARSEN & TOUBRO)
Execution Price Range                              Stop Loss                   Target
Sell Between Rs 1570 To 1585                      1600                        1530

SBIN (STATE BANK OF INDIA)
Execution Price Range                              Stop Loss                  Target
Sell Between Rs 2050 to 2070                      2080                        2015

RELCAPITAL
Execution Price Range                           Stop Loss                     Target
Sell Between Rs 765 to 775                        785                              735

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