DAILY NIFTY OUTLOOK(17-02-12)

With the positive global cues &SGX NIFTY indications,it is foregone conclusion that it will open gap up.This stamps our yesterday view that liquidity chasing will become more ferocious on this correction. For the day we see 5520-5600 as the trading range, breach below 5520 will head for 5460-5480(low probability)& cross above 5600 will lead to 5660-5680(high probability).


Bank nifty has been mercurial & high beta index compared to nifty as usual. For the day we see 10900-11150 as trading range with 11500-11600 as resistance & 10700-10800 as support.    


                                                                                                                                                                                        

We recommend a buy on SIEMENS at 805 with the stop of 790 for the target of 875.


We recommend a BUY on BOMBAY DYEING around 460 with the stop of 445 for the target of 510 in next 15 days.


Posted by JKD VIEWPOINT at 2/17/2012
Categories: uncategorized
 

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