Thursday, May 13, 2010

Daily trading tips

Market Outlook

In view of mixed global markets, today our market may open steady and move in a range bound manner. If S&P CNX Nifty sustains above 5150 levels then it may move up further towards 5180-5200 levels. On downside if it falls below 5120 levels, then again selling pressure may be experienced and we may test 5080-5050 levels.

JSWSTEEL

Execution Price Range Stop Loss Target

Sell Between Rs 1205 to 1220 1230 1175

 

RANBAXY

Execution Price Range Stop Loss Target

Buy Between Rs 452 to 460 448 472

 

MCLEOD RUSSEL

Execution Price Range Stop Loss Target

Buy Between Rs 218 to 221 216 227