NIFTY trying to make new high ? ? ?

Yesterday Indian Market opened negative because of negative global cues but ended near the day high because of capital goods, health care, IT srocks attracted buying interest.The sensex closed at 17558.85, up 107.83 & nifty closed at 5260.4, up 35.1 points from the previous close.

The US markets have closed mixed. Dow ended up 0.1% while Nasdaq was down 0.1%.

The Asian markets are trading mixed. Nikkei has edged higher while Taiwan has shed nearly a percent.

Today we are expecting flate opening & slightly down, Nifty will face resitance at 5290-5310. At lower side 5200 act as major support as mentioned in earlier post also.

Stock for watch:

Rpower if sustain above 150 than can touch 160 level.

Union bank above 290 tgt 320

Mundraport above 740

Jindal steel looking good for day trade.

Previous calls:

Herohonda achieved its 1st tgt.

APIL achieved its all tgt.

Infosys achived its all tgt.