Market Out Look 6-4-2009

With the positive global cues, our markets to open flat and selling can be expected the mid session.

Matket to strengthen further in the coming days, I expect the market to go up ahead of the earning season.

Any fall can be taken as a buy opportunity till the month end. As nifty has crossed the 3190 level if hold above this level for the next two trading sessions then expect the nifty to tough 3450(200 DMA) levels.

If unable to hold the 3190 level then nifty to weaken and can come down to 2800 level.

Technically nifty to take support at 3180/3150/3110 and resistance at 3230/3260/3280 levels for the day.