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Good Morning dear readers, stock market has opened today with soft start.
For the day, an important level is 5003 above which the market will remain positive. If we talk about today's trend then market breadth is negative with advances at 259 against declines of 346 on the NSE.
NIFTY OUTLOOK TODAY :-
If Nifty closes 5200 on expiry, it will give a maximum profit of 5,800, minimum profit of 800 if Nifty closes below 5100 and unlimited loss may arise if Nifty closes above 5316.
There is tough resistance for the Nifty at 5095 and a closing above this will take the market up to 5210.
We advice to go long with a target of 5000-5050 and stop loss of 4900
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