Market Outlook
Yesterday after a positive opening S&P CNX Nifty witnessed up move led by short covering and moved up till 4925 levels. In the view of mixed global markets, today our market may open steady and move in a range bound manner. If S&P CNX Nifty falls below 4870 levels, then again selling pressure may be experienced and we may test 4850-4820 levels. On upside if it stays above 4930 levels then only further up move may be seen in the market towards 4950-4980 levels. Market is likely to remain highly volatile ahead of May month F&O expiry.
ASHOKLEYLAND
Execution Price Range Stop Loss Target
Buy Between Rs 57 to 59 56 63
INFOSYSTCH
Execution Price Range Stop Loss Target
Buy Between Rs 2590 to 2605 2580 2635
ICICIBANK
Execution Price Range Stop Loss Target
Buy Between Rs 835 to 845 825 872
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