On global cues our market to open with positive bias and to trade higher till for the day, the rally to continue, if nifty holds above 4560 levels , if trades below this then selling can be expected in the market.
Yesterday buying has emerged from the lower levels and this indicates that buy on decline will be the best strategy in this market conditions.
Nifty to trade in the range 4414 - 4600, either side break will give new direction to the market and on the lower side it can touch 4181 and on the higher side it can test 4850 levels.
Markets to be bullish till the budget and there after correction can be seen to the extent of 3900 levels in nifty and this should be levels to re-enter in the market with long term view.
Action to be seen mid cap and small cap, Activity can be seen in ISPAT, IFCI, DENA, JUPITER BIO, BANK, and MOSER BAER.
Today we will be taking long positions in NOIDA TOLL, ISPAT and JUPITER BIO.
Nifty support is at 4505/4480/4450 and resistance at 4590/4610/4640 levels for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Tuesday, June 2, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment