Market Outlook
Yesterday S&P CNX Nifty moved in a narrow range in early trading session then witnessed up move led by short covering and closed above 5000 levels. In the continuation of positive global markets, today our market may open positive and move in a range bound manner. If S&P CNX Nifty sustains above an important resistance of 5080 levels then only further up move may be seen in the market towards 5110-5130 levels. On downside if it falls below 5020-5000 levels then only selling pressure may get intense in the market.
RELINFRA
Execution Price Range Stop Loss Target
Buy Between Rs 1074 to 1092 1065 1124
TECHM
Execution Price Range Stop Loss Target
Buy Between Rs 663 to 673 658 690
ASHOKLEY
Execution Price Range Stop Loss Target
Buy Between Rs 59.50 to 61.50 58 66
