Monday, March 8, 2010

Daily Trading Tips

Market Outlook
In view of better global markets, today our market may open positive and witness buying interest. If S&P CNX Nifty sustains above 5100 levels, then we may see further up move towards 5150-5180 levels. Nifty has crucial resistance around 5180 levels,
where it may witness some selling pressure so short term traders are advised to book profit around those levels. On downside Nifty has support around 5030 levels, if it falls below that level then selling pressure may get intensify and Nifty may move down
towards 4980-4950 levels.


ABB
Execution Price Range           Stop Loss            Target
Buy Between Rs 818 to 825      810                     845

HDIL (HOUSING Dev & Infra)
Execution Price Range             Stop Loss              Target
Buy Between Rs 320 to 324          317                      333

ESSAROIL
Execution Price Range                 Stop Loss            Target
Buy Between Rs 138 to 142           136                        148