Market Outlook
Yesterday after a consolidation in early trading session Nifty moved up to around 5380 levels and finally closed near day's high levels. In view of positive global market and follow up buying interest, today our market may open positive. Nifty future which is trading two years high levels, if now holds these gains and move up with significant volumes then we may see 5450-5500 levels in coming days. Whereas on downside if it fails to hold the gain or sustains below 5300 levels then selling pressure may get intensified and we may see a profit booking towards 5250-5200 levels.
RELIANCE CAPITAL
Execution Price Range Stop Loss Target
Buy Between Rs 775 To 790 765 815
IDFC
Execution Price Range Stop Loss Target
Buy Between Rs 162 to 164 160 170
MCDOWELL-N
Execution Price Range Stop Loss Target
Buy Between Rs 1365 to 1380 1355 1410
