Key Indian indices are set to open on a soft note today tracking volatile cues from other Asian markets. Back home, caution ahead of Q4 GDP data due on 31st May 2013 & derivative contract expiry may infuse volatility in the market.
Key Events For The Day:
Quarterly Results: ONGC, Tata Motors, NMDC, Cipla.
India M3 Money Supply.
Canada BoC Interest Rate Decision.
Derivative Strategy For The Day:
Buy NIFTY (CMP: 6109) with a Target of 6170 & a Stoploss of 6080.
Buy ONGC (CMP: 334) with a Target of 340 & a Stoploss of 331.
Sell CIPLA (CMP: 397) with a Target of 391 & a Stoploss of 400.
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