Market Outlook
In the continuation of weak global market, today our market may open gap down and may witness selling pressure on rise. S&P CNX Nifty is trading below psychological 5000 levels and 200 DMA (Day moving average) which also indicates the cautious sign in the market. If S&P CNX Nifty falls below 4850 levels, then aggravate selling pressure may be experienced and we may test 4820-4800 levels. On upside if it stays above 4900 levels then only a pull back may be seen led by short covering in the market towards 4950-4980 levels. Caution is advised in the market as global cues are weighing heavy on our markets, any further pressure on global indices may put our market to lower levels.
HINDUNILVR
Execution Price Range Stop Loss Target
Buy Between Rs 233 to 237 230 246
CIPLA
Execution Price Range Stop Loss Target
Buy Between Rs 312 to 317 309 327
IDFC
Execution Price Range Stop Loss Target
Sell Between Rs 152 to 156 158 145
