Market Outlook
On Thursday (last week) our market opened positive and witnessed buying interest then it moved in a narrow range of 4800 to 4850 levels with positive bias. In view of positive cues from global markets and better IIP data, today our market may open positive and witness buying interest. If Nifty sustains above 4850 levels, then we may see a pull back towards 4920-4950 levels. On downside if Nifty falls below 4780 levels, then again selling pressure may get intense in the market and it may move down towards 4700-4680 levels. Short term market trend is showing a pull back till the time Nifty trades above 4750 but medium term trend is still negative till it trades below 4950 levels.
TATAMOTORS
Execution Price Range Stop Loss Target
Buy Between Rs 685 to 695 679
JPASSOCIATE
Execution Price Range Stop Loss Target
Buy Between Rs 130 to 134 128 140
TCS
Execution Price Range Stop Loss Target
Buy Between Rs 738 to 748 733 763
