Market to open flattish with a positive bias and at higher levels selling pressure is expected for the day.
Nifty to trade in the range 3500-3750 levels, either side break to give new direction to the market, Nifty below 3500 can test 3350 and break above 3750 can take nifty to 3850 levels.
Traders are advised to be very cautious at higher levels, buy on panic selling strategy to be adopted and profit has to be booked at regular intervals.
Activity is seen in RNRL, IFCI and NOIDA TOLL.
Technically nifty can take support at 3600/3580/3520 and resistance at 3680/3710/3740 levels for the day.
BSE, NSE Stock Ticker, India
Tuesday, May 5, 2009
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