Market Out Look 23-4-2009

On global cues market to open flattish notes and trade in the range 3280 – 3440 levels for the day, either side break to give new direction to the market for the day.
On the lower side nifty to take support at 3230 and resistance at 3340 for the day.
Cautious approach is advised on the long side, traders needs to be cautious at higher levels and avoid any huge overnight position for the next trading sessions.
Acitvity is seen in IFCI, Chambal Fert and Rpower.Technically nifty to take support at 3302/3278/3252 and resistance at 3360/3390/3420 for the