The global cues are mixed with the Us market ended in red on Friday, were as the Asian markets today are trading on the positive side and our markets too will follow the Asian market will open on the higher side.
Expect some kind of volatility after the Mid –Session.
The stimulus package given by the some of the Asian countries is turning to be positive; China GDP is expected to be round 8% in he next year.
Our markets are range bound, Nifty is trading between 2570 –2830 levels for the last few trading sessions either side breakout will only can give the future direction of the market.
Technically today nifty can take support at 2786/2770/2750 and resistance at 2830/2860/2890.
If Nifty closes above 2830 level then the target for nifty is 2960 level.
BSE, NSE Stock Ticker, India
Sunday, March 22, 2009
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