Market to open flattish, Volatility to continues in the market for the next few trading session, Yesterday bounce back points that the market is in bulls grip with a expectation that a stable government to be formed..
There was all-round buying in the market, but one has to be very cautious at higher levels and trade with a stop loss.
Nifty to trade in the range 3500 – 3800 till the elections result are announced, either side break will give anew direction to the market in the coming days.
Nifty to take support at 3620/3580/3525 and resistance at 3720/3750/3790 for the day.
Watch for shipping and metal stocks for the day.
Have nice trading day.
BSE, NSE Stock Ticker, India
Tuesday, May 12, 2009
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