On global cues market to open flattish with positive , if nifty holds the 4325 levels, then nifty can test 4410 for the day on short covering.
Since nifty has closed above 4200 for the last two trading sessions, hence this can be considered as strong support zone, now Investors and traders can take long positions with a stop loss of 4150 level.
Nifty to trade in the range 4200-4410 levels, either side break to give a new direction to the market.
One can look at Banking and PSU Power stocks for investment.
We have taken position in VOLTAS, VIDEOCON, YES BAN K and GVK POWER for our clients on Friday.
Activity will be seen in PSU BANKS, Watch for CAN BANK & VIJAYA BANK
Technically nifty to take support at 4275/4220/4180 and resistance at 4350/4380/4410 for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India

Sunday, June 21, 2009
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