NSE BSE Intraday Hot Stock Tips|Nifty Outlook-Range Trend Levels For Today 12 March :- Indian equity markets are likely to start trade on a positive note today o the back of cut in CRR rate by RBI and drop in China's inflation rate. Nifty futures traded on a strong note on Friday it opened gap-up but ended with making gains. Thus bullish momentum is expected on today's trade also.
Nifty Outlook: It is expected that Nifty will hold 5200 on closing basis, and till it hold that level we expect positive momentum to be continuing. On upside, we expect Nifty to find resistance at 5380. We expect new range to be 5450-5250. On lowerside, we still believe 5200 will act as a make or break point. However, intraday support seen at 5305. Hence we recommend BUY on dips and, if you have already taken some position than you can HOLD on to it Strategy:
Nifrty Trading Strategy:
Buy above 5345 Target:5430 SL:5325
Sell below 5310 Target:5255 SL:5325
1) Coal India : Buy above-326 - Target1- 333 Target2-336.10 Stop Loss-323.7
2) IDBI : Buy above-113 Target1-115.5 Target2-116.20 Stop-loss : 111.9
3) ITC : Sell below- 209.5 Target1- 206 Target2- 204.10 Stop-loss : 211.1
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