Market Outlook
Yesterday after a gap down opening our market witnessed sustained selling pressure till important support of 5200 levels and finally at the end of day closed near day's low levels. Our market continuous to be range bound and may open flat in the morning session but at higher levels in the absence of any positive trigger it may again witness selling pressure. If S&P CNX Nifty goes below 5200 levels, then further selling pressure may be experienced and we may test 5160 levels which is a strong medium term support. On upside if it sustains above 5280 levels, then only a pull back may be see in the market. We are advising to be cautious in the market as global cues are weighing high on our markets and any further pressure on global markets may put our market to lower levels.
LUPIN LABS
Execution Price Range Stop Loss Target
Buy Between Rs 1675 To 1685 1668 1705
NTPC
Execution Price Range Stop Loss Target
Buy Between Rs 203 to 206 200 213
BPCL
Execution Price Range Stop Loss Target
Buy Between Rs 502 to 506 496 520
