Market Outlook
In view of positive global market, today our market may open positive and move in a range bound manner in a range of 5250 to 5330 levels. If the S&P CNX Nifty sustains above 5330 levels then it may move up towards 5380-5400 levels whereas 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.
DRREDDY
Execution Price Range Stop Loss Target
Buy Between Rs 1265 to 1278 1260 1300
DIVISLAB
Execution Price Range Stop Loss Target
Buy Between Rs 670 to 680 665 700
TECH MAHINDARA
Execution Price Range Stop Loss Target
Sell Between Rs 858 to 868 876 833
