Nifty, for the second consecutive day, closed above 5,000 and is giving some positive outlook for the markets. However we expect the markets to remain in a tight range of 4,914 on the downside and 5,125 on the upside. A break below or above these levels can set the course for the markets. A close above 5,125 can lend support to Nifty to move towards 5,346.
The market will take cues from the global markets and is expected to open on a flat to positive note tomorrow. Trade long in Nifty holds 5,000 with stop loss at 4,980, targeting 5,030-5,050 levels. Alternatively, trade short below 4,980, with stop loss at 5,000, targeting lower supports of 4,950-4,930.
Buy JSPL, Axis Bank
Buy Axis Bank, stoploss Rs 1075
Larsen and Toubro can test Rs 1725
Above Rs 200, Motherson Sumi can test Rs 220
Amtek Auto can move to Rs 150
Reliance Comm has resistance around Rs 89
VIP Industries can go upto Rs 1100
Jaiprakash Associates can touch Rs 75
Hold Delta Corp for long term
Chambal Fertilisers may go upto Rs 128-130
BF Utilities has resistance at Rs 520
Hold Coal India, HDFC Bank, VIP Industries
Accumulate HSIL; target of Rs 240
Buy Greenply Ind; target of Rs 280
Buy JSPL, Axis Bank
Buy Axis Bank, stoploss Rs 1075
Larsen and Toubro can test Rs 1725
Above Rs 200, Motherson Sumi can test Rs 220
Amtek Auto can move to Rs 150
Reliance Comm has resistance around Rs 89
VIP Industries can go upto Rs 1100
Jaiprakash Associates can touch Rs 75
Hold Delta Corp for long term
Chambal Fertilisers may go upto Rs 128-130
BF Utilities has resistance at Rs 520
Hold Coal India, HDFC Bank, VIP Industries
Accumulate HSIL; target of Rs 240
Buy Greenply Ind; target of Rs 280
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