On global cues, market to open on higher side and to trade on positive note for the day, if holds the 4270 level and break above 4325 can take nifty to 4410 levels for the day.
Today huge volatility is expected for the day on behalf of F & O settlement and trader are advised to be cautious at higher levels, yesterday nifty again managed to close above the 4200 level which is good sign for the rally to continue.
Nifty to trade in the range 4220 – 4410, either side break to give a new direction for the market.
Activity will be seen Pharma , Banking and Power stocks.
Buy GVK Power, FSL , IDBI for short-term gains.
Technically nifty to take support at 4260/4218/4200 and resistance at 4330/4380/4410 for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Wednesday, June 24, 2009
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