On global cues market to open flattish with positive bias for the day. Friday’s close at 4375 indicates the rally to continue further.
As long as nifty holds above 4328-4315 for the day it’s a bullish sign for the market and can test 4560 in the coming days.
Nifty trading range is 4270 – 4410 , either side break to give new direction to the market, If closes above 4410 then nifty can test 4560 in the next two trading session itself.
Activity is seen in IT and Banking stocks, Watch for FSL, 3info and nucleus soft in small cap IT and in banking watch for Vijaya Bank, DCB and Bank of Rajasthan for short –term gains.
Technically nifty has support at 4335/4300/4270 and resistance at 4380/4410/4450 for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Sunday, June 28, 2009
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