Market Outlook
Yesterday after moving in a lackluster manner the index pared all its gains and witnessed profit booking in market and finally closed on a negative note. If the S&P CNX Nifty sustains above 5300 levels then it may move up towards 5350-5400 levels in coming days. On downside if Nifty falls below 5250 levels then further selling pressure may get intensify and we may test 5180-5150 levels. Short-term investors are advised to remain light and avoid over-leveraged positions as indices are turning from 2-year highs with volumes so if further selling pressure comes then a possibility of 5-7% correction could not be ruled out in the market.
TATASTEEL
Execution Price Range Stop Loss Target
Sell Between Rs 638 to 645 651 620
ROLTA
Execution Price Range Stop Loss Target
Buy Between Rs 180 to 183 178 190
TATA MOTORS
Execution Price Range Stop Loss Target
Buy Between Rs 748 to 758 740 782
