On global cues ,Our market will open gap down, Even though nifty closed above 4200 and this level will be broken today in the opening itself.
Nifty to take support at 4150 and below this can weaken further and can test 3800 levels in the coming days.
Nifty to trade in the range 4100 – 4270, either side break will give a new direction to the market.
Investor can wait and watch till the F&O settlement is over before taking any long positions; we think the 3850 will be the best level to enter in the market.
Activity will be seen in refinery stocks. Watch for MRPL , ESSAR OIL and HPCL.
Technically nifty to take support at 4180/4150/4090 and resistance at 4220/4260/4320
BSE, NSE Stock Ticker, India
Monday, June 22, 2009
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