 "Markets, Buy, Sell, Stocks, Shares")
MARKET OUTLOOK
Nifty soared to an all time closing high of 12,088 with relative strength index (RSI) valued at above 66 implying further upmove. The support for the day is seen at 39,980/12,000 for Sensex and Nifty, respectively, while resistance is seen at 40,550/12,160. Bank Nifty would have a range of 31,350-31960. Market now awaits the RBI policy outcome on June 6. Banking stocks are back in new round of momentum along with auto stocks. It is still the frontline stocks enjoying the favour while mid-caps have meager participation.
BUY BATA
CMP: Rs 1,362.80
TARGET: Rs 1,480
STOP LOSS: Rs
