Market Outlook
Yesterday after a range bound move in early trading session, S&P CNX Nifty witnessed short covering and finally at the end of the day closed at 5080 levels. If S&P CNX Nifty sustains above 5150-5160 levels then further up move may be seen in the market towards 5200 levels. On downside if it falls below 5080 levels then only selling pressure may get intense in the market and we may test 5050-5020 levels. We have seen that 4980-5000 levels has been working as a strong support for the market so till the time it sustains those levels we are in safe zone.
ASHOK LEYLAND
Execution Price Range Stop Loss Target
Buy Between Rs 62 to 64 60 69
AXISBANK
Execution Price Range Stop Loss Target
Buy Between Rs 1242 to 1256 1227 1297
IFCI
Execution Price Range Stop Loss Target
Buy Between Rs 54 to 56 52 61
