Nifty Updates :- Nifty is likely to open higher on the back of positive cues from global peers.the market is expected to turn range-bound as investors will await the Winter Session proceedings in the parliament,today UPA government have to face heavy parliament session due to allow direct investment in multi brads that will lead market in to rangbound session.Nifty has immediate resistance at 5550 levels, closing above which index can head towards 5700 - 5720 levels. Any supply pressure from the range of 5620 - 5630 would lead nifty to tumble up to the levels of 5580 – 5550.
Stock Intraday Tips For Today :- Buy PANTALOON RETAIL above 190 for target of 193 with stop loss of 185.
Buy ANANT RAJ IND. above 95 for target of 97 with stop loss of 91.
Short bank nifty at cmp(11560-11575) target-11375 Stop loss of -11685.
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