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Market
Outlook:
The markets ended in green on account of
positive global cues. Buying was seen in Technology and Realty
counters while Auto sector witnessed selling pressure.
Nifty:
Nifty ended in green on account of positive
global cues. The market is expected to remain volatile and one need
to trade with strict stop loss. The 20 DMA at 5967 will act as an
immediate support for Nifty. Resistance is seen at 6080/6100 and a
close above this level will further extend the rally up to 6150/6180
levels.
Support:
Major support level 6020/6000.
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Investment
Ideas
- Auro
bindo Pharma @
Rs. 192 (Target Price: Rs. 230)
Trading
Ideas
- Positive
bias - Mc Dowell (Target 2050), Uni Phos (Target 160), SBIN
(Target 2600), & Bank Of Baroda (Target 950). Traders
maintain stop loss accordingly.
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