Markets are expected to open on flat note and will continue to trade in narrow band with no clear direction. On higher side 10400-10420 will act a stiff supply zone for nifty whereas put writing at 10300 will prove as strong support. However, if nifty sustains above 10400 than another round of short covering can be seen driving indices above 10500 levels.
Script Action Initiation Target SL
GRASIM BUY Around 1195 1235 1170
TATAMTRDVR BUY Around 244 256 239
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