Market Outlook
Yesterday our market opened gap down as taking cues from week global markets, S&P CNX Nifty took support around psychological 5000 levels but finally closed in negative with the loss of around 100 points. In view of mixed global markets, today our market may see flattish opening and move in a range bound manner. If S&P CNX Nifty falls below psychological 5000 levels then selling pressure may get intense in the market and we may test 4980-4950 levels. On upside if it sustains above 5050-5060 levels with volume support then only further up move may be seen in the market towards 5080-5100 levels. We would advise to keep the position light and remain cautious in the market at higher levels as global markets are weighing heavy on domestic indices.
ANDHRABANK
Execution Price Range Stop Loss Target
Buy Between Rs 135 to 138 133 145
TECHM
Execution Price Range Stop Loss Target
Buy Between Rs 700 to 710 689 740
SYNDICATE BANK
Execution Price Range Stop Loss Target
Buy Between Rs 93.50 to 95.50 92 101
