Market Outlook
In view of flat to negative global markets, today our markets may also open steady and move in a range bound manner looking to last day of Derivatives settlement. If S&P CNX Nifty falls below 5180 levels then selling pressure may get intensify and we may test 5100-5080 levels, which is a major support for the market. On upside if S&P CNX Nifty sustains above 5250 levels then further buying interest may be seen in the market towards 5300 levels.
DLF
Execution Price Range Stop Loss Target
Sell Between Rs 295 to 299 302 287
RANBAXY
Execution Price Range Stop Loss Target
Buy Between Rs 467 to 473 462 490
MCDOWELL-N (UNITED SPIRIT)
Execution Price Range Stop Loss Target
Buy Between Rs 1340 to 1360 1330 1395
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