Market Outlook
After a four day's pullback rally, yesterday S&P CNX Nifty witnessed sustained selling pressure across the board and closed below 5000 levels. In the continuation of mixed global markets, today our market may open steady and witness selling pressure at higher levels. If S&P CNX Nifty falls below 4920 levels then selling pressure may get intense and we may test 4880-4850 levels. On upside if it sustains above 5000 levels then only further up move may be seen in the market towards 5050-5080 levels.
JINDAL STEEL POWER
Execution Price Range Stop Loss Target
Sell Between Rs 635 to 645 654 612
AXIS BANK
Execution Price Range Stop Loss Target
Sell Between Rs 1185 to 1200 1216 1144
ICICIBANK
Execution Price Range Stop Loss
Sell Between Rs 840 to 850 858 818
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