Daily Trading Tips

Market Outlook

In view of negative global market, today our market may open flat to negative and witness selling pressure at higher levels. If S&P CNX Nifty sustains below 5340 levels then selling pressure may get intensified and we may see profit booking towards 5280-5250 levels, but if Nifty future sustains above 5380 levels with significant volumes pick up, then only we may see a up move towards 5400-5430 levels. Shortterm investors are advised to remain light and avoid over-leveraged positions as indices are weakening from 2-year highs with volumes, so if further selling pressure comes then a possibility of 5-7% correction could not be ruled out in the market.

MARUTI

Execution Price Range                          Stop Loss                Target

Sell Between Rs 1380 To 1395                1405                      1350

LITL (LANCO INFRATECH)

Execution Price Range                          Stop Loss                Target

Sell Between Rs 54 to 56                           57                           50

JINDALSTEEL

Execution Price Range                        Stop Loss                   Target

Sell Between Rs 706 to 715                      721                          685

Daily Trading Tips

Market Outlook

Yesterday our market consolidated in a narrow range and finally at the end of day closed flat. In view of better global market, today our market may open positive and move in a range bound manner. Nifty future which is trading near two years high levels, if now holds these gains and moves up with significant volumes pick up then we may see 5450-5500 levels in coming days. Whereas on downside if it fails to hold the gain or sustains below 5300 levels then selling pressure may get intensified and we may see a profit booking towards 5250-5200 levels.

MARUTI

Execution Price Range                      Stop Loss                  Target

Sell Between Rs 1380 To 1395            1405                         1350

UNIPHOS (UNITED PHOSPHOROUS)

Execution Price Range                      Stop Loss                     Target

Buy Between Rs 152 to 155                  150                            163

M&M (MAHINDRA & MAHINDRA)

Execution Price Range                        Stop Loss                    Target

Sell Between Rs 538 to 548                  555                                 517

Daily Trading Tips

Market Outlook

Yesterday after a consolidation in early trading session Nifty moved up to around 5380 levels and finally closed near day's high levels. In view of positive global market and follow up buying interest, today our market may open positive. Nifty future which is trading two years high levels, if now holds these gains and move up with significant volumes then we may see 5450-5500 levels in coming days. Whereas on downside if it fails to hold the gain or sustains below 5300 levels then selling pressure may get intensified and we may see a profit booking towards 5250-5200 levels.

RELIANCE CAPITAL

Execution Price Range                   Stop Loss           Target

Buy Between Rs 775 To 790              765                   815

IDFC

Execution Price Range                 Stop Loss           Target

Buy Between Rs 162 to 164             160                     170

MCDOWELL-N

Execution Price Range                 Stop Loss                Target

Buy Between Rs 1365 to 1380           1355                   1410

Daily Trading Tips

Market Outlook

In view of positive global market, today our market may open positive. If Nifty future sustains above 5350 levels then a further up move may be seen in the market towards 5400-5430 levels whereas on downside if it fails to hold the gain or sustains below 5250 levels then selling pressure may get intensified and we may see a profit booking towards 5180-5150 levels which is a major medium term support for our market.

WIPRO

Execution Price Range            Stop Loss           Target

Buy Between Rs 715to 725          705                 755

CENTURY TEXTILE

Execution Price Range           Stop Loss             Target

Buy Between Rs 520 to 525      510                    550

JPASSOCIATE

Execution Price Range          Stop Loss               Target

Buy Between Rs 153 to 156        151                  162

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