The rebound in US market and the RBI’s repo and reverse repo cut to have positive impact on our market and should open on the slight higher side.
The Asian market, which opened firm, has shed its early gain. Our market is expected to be firm for the day, but higher level cautious is advice.
Today technically Nifty will take support at 2620 and 2590 levels and resistance at 2660 and 2688 levels, if breaks this levels can try to touch 2718 levels.
BSE, NSE Stock Ticker, India
Wednesday, March 4, 2009
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