On global cues market to open flattish with positive note at least for the first hour of trade, if nifty holds the 4260 levels, then nifty can test 43540 for the day and on short covering can test 4410.
Yesterday nifty was unable to break the 4200 level which is a good sign and now nifty has a strong support at 4220-4200 levels, a fall below 4200 can take nifty 4100 levels.
Investors and traders can take long positions with a stop loss of 4200 level.
One can look at Banking and PSU Power stocks for investment.
We will be buying VOLTAS, VIDEOCON , YES BANK , DCB BANK, POWER GRID and GVK POWER for our clients.
Technically nifty to take support at 4220/4180/4150 and resistance at 4290/4340/4410.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Thursday, June 18, 2009
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