Market Outlook
Yesterday after a positive opening S&P CNX Nifty witnessed sharp up move led by short covering and moved up till 5015 levels and finally closed above 200 DMA and psychological 5000 levels. In the view of positive global markets, today our market may open positive and move in a range bound manner. If S&P CNX Nifty sustains above 5080 levels then only further up move may be seen in the market towards 5120-5150 levels. On downside if it falls below 5000 levels, then again selling pressure may be seen and we may test 4980-4950 levels.
IDBI
Execution Price Range Stop Loss Target
Buy Between Rs 108 to 112 106 119
ANDHRA BANK
Execution Price Range Stop Loss Target
Buy Between Rs 128 to 131 126 137
SYNDICATE BANK
Execution Price Range Stop Loss Target
Buy Between Rs 86 to 89 84.50 94
