Market Outlook
After a gap up opening yesterday our market moved in a narrow range for the entire day. S&P CNX Nifty is sustaining at higher levels along with positive inflow by FIIs and better market volumes. In the absence of any trigger now it will depend upon how the global markets trade. If those markets remain positive and our market holds on to these gains then a further up move may be seen in the market towards 5300 levels. On down side Nifty has support around 5180 levels, if it falls below this level then selling pressure may get intensify and we may test 5120-5100 levels.
MARUTI
Execution Price Range Stop Loss Target
Sell Between Rs 1440 to 1460 1470 1410
INDIAINFO
Execution Price Range Stop Loss Target
Buy Between Rs 120 to 124 118 132
WELSPUN GUJ
Execution Price Range Stop Loss Target
Buy Between Rs 265 to 270 263 279