Market to be in narrow range
Based on the global cues market is expected to open flat and will be on the narrow range for the day. Some kind of activity can be seen in the mid session of the day.
As new F & O series begins from today, Activity can be seen in the textile and sugar sectors, as the roll over has been good here.
Technically Nifty can take support at 2760 and 2730 levels and resistance at 2810 and 2831 levels for the day. Being unable to sustain the 2790 levels for the last two days, hence 2790 can be viewed as strong resistance ,If crosses and hold above this levels then buying can emerge in the market.
Traders are expected to be cautious at higher levels.
BSE, NSE Stock Ticker, India

Thursday, February 26, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment