Market Out Look 15-5-2009

Market to open flattish with positive bias for the first hour of trading, huge volatility is expected for the day, one needs to be over cautious at higher levels.

Buy at decline and sell at higher levels should be the strategy for the next few trading session. Small traders be away from the market for the next few trading sessions.Investors can buy for long term investment on panic selling.

Nifty to trade in the range 3500 –3800 for the next few trading session, either side break will give the new directions to the market.

Activity is seen in Idea cell, Yes bank , GMR Infra and Orchid chem.

Technically nifty has the support at 3560/3530/3510 and resistance at 3650/3690/3710 for the day.