Market to open at higher level with positive bias for the day on global cues, If nifty holds above 4410 level the rally to continue further and can test 4560 levels is the coming days.
Nifty to trade in the range 4350 – 4450, either side break to give a new direction to the market , if holds above 4390 traders can take long position with a stop loss of 4375 for the day.
Activity is seen in the BANKIG, METAL and OIL sectors, watch for MRPL in the oil sector and TATASTEEL in the metal stocks.
Yesterday we have taken position in MRPL and 3I INFO for our clients.
Technically nifty has support at 4350/4305/4290 and resistance at 4450/4480/5510 for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Monday, June 29, 2009
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