DAILY NIFTY OUTLOOK(15-02-12)
MOODY’s downgrade of many Europeon countries & banks was brushed aside in initial hour & better than expected results of TATA MOTORS was given standing ovation with the life time high.Alongwith this whole of the nifty components have tightened the belt to move ahead.Do we still need to reiterate that nifty has written on wall whatever may come & happen, it is meant to move up only.For the day we see 5350-5410 as the trading range, breach below 5350 will head for 5310-5330(low probability)& cross above 5410 will lead to 5500-5520(high probability).
Bank nifty has been mercurial & high beta index compared to nifty as usual. For the day we see 10350-10600 as trading range with 10800-10900 as resistance & 10200-10300 as support.
We recommend a buy on TATACOMM at 238 with the stop of 230 for the target of 270.
Bank nifty has been mercurial & high beta index compared to nifty as usual. For the day we see 10350-10600 as trading range with 10800-10900 as resistance & 10200-10300 as support.
We recommend a buy on TATACOMM at 238 with the stop of 230 for the target of 270.
We recommend a BUY on MCDOWELL-N around 670with the stop of 655 for the target of 770 in next 15 days.
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