On mixed global cues, market is expected to open flattish with negative bias for the first hour of trading.
Yesterday nifty has closed above the 4650 mark which is bullish sign in the short term.
FII are continues in the buying mode and before the budget nifty can test 4800 -5000 levels.
Buy on decline will be the best strategy till the budget.
Activity will be seen in the Power and Banking stocks today.
We will be buying NTPC and POWER GRID today.
Technically nifty to take support at 4630/4580/4540 and resistance at 4690/4720/4760 for the day.
BSE, NSE Stock Ticker, India
Wednesday, June 10, 2009
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