Market to open flattish with negative bias for the first hour of trading and if holds the 4220 levels then the rally to continue till 4270 -4320 levels for the day.
Nifty holding above 4200 is a good sign for the market, a close below 4200 can drag nifty to 4080 levels in the coming days.
Investors and traders can take positions at 4220 levels with a stop loss of 4200 levels for the day.
Nifty free float from today onwards to benefit stocks like L & T, ICICI BANK and INFOSYS.
The strong roll over in few mid cap stocks like IFCI, DISH TV and GVK POWER is positive for these counters.
Technically nifty to have support at 4220/4180/4152 and resistance at 4270/4320/4360 for the day.
BSE, NSE Stock Ticker, India
Thursday, June 25, 2009
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