Market Outlook for 15th October, 2013

Nifty Future:

Nifty appears to be Overstretching on upside and vulnerable for correction. From hereon, one has to be very careful while taking long position and needs to maintain tight stop.

For today’s trading, Resistance around 6204 and crossover of 6210, will move to 6255 – 6280. Support around 6155 and breaking 6140, will fall to 6115 – 6060

Stock Future:

Buy Bank Baroda above 587 with Stop at 579. TGT 600 – 615

Buy Rel Infra above 427 with Stop at 419. TGT 439 – 450

Good Luck !!