|
Market
Outlook:
The markets ended in green after a volatile
session. Buying was seen in the Banking and Realty counters while
Technology sector witnessed selling pressure.
Nifty:
Nifty ended in green after a volatile
session. Nifty is expected to trade in the range of 5850 on the
lower side and 5950 on the higher side and any strong move on either
the side will decide the trend. The market is expected to remain
volatile ahead of F&O Expiry and one need to trade with strict
stop loss. Resistance is seen at 5950/5980 and a close above this
level will further extend the rally up to 6020/6050
levels.
Support:
Major support level 5880/5850.
|
Investment
Ideas
- Greaves
Cotton @
Rs. 77 (Target Price: Rs. 90)
Trading
Ideas
- Positive
bias - Indiabulls Finance (Target 300), Maruti (Target 1600), Mc
Dowell (Target 2050), Jet Airways (Target 650) & Reliance
Capital (Target 520). Traders maintain stop loss
accordingly.
|
