On global cues market to open on the positive side and expected to trade higher in the first session, selling pressure is expected in the mid session and huge volatility is expected in the market.
Nifty to trade in the range 3500 – 3750 levels for few more trading session, A break either side to give new direction to the market.
Buy on decline will be the best strategy.
Technically nifty to take support at 3585/3550/3500 and resistance at 3680/3720/3750 levels for intra day.
BSE, NSE Stock Ticker, India
Wednesday, May 6, 2009
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