Market Outlook
In view of negative global market, today our market may open flat to negative and witness selling pressure at higher levels. If S&P CNX Nifty sustains below 5340 levels then selling pressure may get intensified and we may see profit booking towards 5280-5250 levels, but if Nifty future sustains above 5380 levels with significant volumes pick up, then only we may see a up move towards 5400-5430 levels. Shortterm investors are advised to remain light and avoid over-leveraged positions as indices are weakening 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.
MARUTI
Execution Price Range Stop Loss Target
Sell Between Rs 1380 To 1395 1405 1350
LITL (LANCO INFRATECH)
Execution Price Range Stop Loss Target
Sell Between Rs 54 to 56 57 50
JINDALSTEEL
Execution Price Range Stop Loss Target
Sell Between Rs 706 to 715 721 685
