With the mixed global cues, our market is expected to open flat with negative trend at closing.
Volatility is expected in the market due to settlement tomorrow.
Cautious to be maintained in the mid cap stocks as it has risen sharply.
Nifty to face strong resistance at 2961 level, if holds and closes above this level, then expect further rally in the market till 3190 levels, a close below 2961 will take the nifty to 2750 level.
Technically for the day nifty to take support at 2910/2880/2850 levels and resistance at 2960/2980/3015 levels.
BSE, NSE Stock Ticker, India
Tuesday, March 24, 2009
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