Market Outlook
Previous week our market moved up slightly with a range bound manner with positive bias towards 5280 levels. In view of negative global markets and rate hike by RBI on late Friday would keep the markets under pressure as interest rate-related sectors could see selling pressure. If S&P CNX Nifty falls below 5180 levels then selling pressure may get intensify and we may test 5100-5080 levels in coming days which is a major support for the market. On upside it seems tough for market to cross previous 52 weeks high 5310 levels in next couple of days but for any reason if it moves above this level then only a further upside move may be seen in the market.
MCDOWELL
Execution Price Range Stop Loss Target
Buy Between Rs 1340 to 1360 1330 1400
ADITYA BIRLA NUVO
Execution Price Range Stop Loss Target
Buy Between Rs 858 to 868 850 892
M&M (MAHINDARA & MAHINDARA)
Execution Price Range Stop Loss Target
Buy Between Rs 1055 to 1065 1045 1095
The best dressed and the most admired Drag n' drop
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