Yesterday our market opened positive taking cues from global markets
and witnessed buying interest at every dip till mid session but later
in last couple of hours Nifty witnessed sustained selling pressure as
it could not sustain above 4820 levels resulting in liquidation of
position at those levels. In view of positive global markets, today
our market may open positive and move in a range bound manner. If
Nifty sustains above 4820 levels, then we may see a pull back till
4880-4900 levels. On downside if Nifty moves below 4740 levels, then
again selling pressure may get intense in the market and it may move
down towards 4680-4650 levels. Short term
market trend is showing a pull back till the time Nifty trades above
4740 but medium term trend is negative till it trades below 4950
levels.
TATASTEEL
Execution Price Range Stop Loss Target
Sell Between Rs 530 to 535 545 508
BHARTI AIRTEL
Execution Price Range Stop Loss Target
Buy Between Rs 312 to 317 310 324
JPASSOCIATE
Execution Price Range Stop Loss Target
Buy Between Rs 125 to 129 123 135
