Market to open flattish and to trade lower level for the first hour of trading, if holds the 4325 level then bounce back is expected below 4325 nifty can test 4280 which will the next strong support a break below 4280 can bring nifty to 4150 in the next few trading sessions.
Investor are recommended to buy at 4150 levels on the other side if nifty trades above 4410 and closed above this levels then the trend is likely to change, Nifty above 4560 is bullish sign.
We have started booking profits for last two trading session and our buying will come only at 4200-4150.
Technically nifty to take support at 4320/4300/4250 and resistance at 4390/4415/4450 for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Wednesday, June 17, 2009
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