Market Outlook
Yesterday after a gap down opening S&P CNX Nifty moved in a narrow range of 5060 to 5100 levels in early trading session, then witnessed recovery till 5130 levels and closed at day's high levels. In continuation of weak global markets today our market may open negative and move in range bound manner. If Nifty falls below 5080 levels then again selling pressure may be experienced and we may test 5050-5020 levels. On upside if it moves above 5160 (which is a major resistance for the market) levels, then only a pullback may be seen till 5180-5200 levels.
INFOSYSTCH
Execution Price Range Stop Loss Target
Buy Between Rs 2680 to 2695 2668 2730
CIPLA
Execution Price Range Stop Loss Target
Buy Between Rs 331 to 335 328 343
LT (LARESEN TOUBRO)
Execution Price Range Stop Loss Target
Sell Between Rs 1535 to 1545 1560 1500
