On global cues market to open at higher levels with positive bias for the day, selling pressure to be seen at higher levels for the day.
Yesterday’s nifty close above 4560 levels which indicates further strength in the market and fresh long positions is expected in the market.
Today nifty to trade in the range 4520-4620, either side break to give a new direction to the market and a close above 4650 level can take the nifty to 4800 in the next few trading sessions.Overall maarket looks good for short-term investments.
Activity to be seen in banking, mid cap IT, FMGC and oil sector.
Nifty to have support at 4520/4500/4480 and resistance at 4600/4650/4690 for the day.
BSE, NSE Stock Ticker, India
Thursday, July 30, 2009
Wednesday, July 29, 2009
Market OutLook 30-JUL-2009
On mixed global cues market to open flattish with negative bias for the day, as said yesterday for the rally to continue nifty should hold the 4560 levels and once breached the 4500 sudden sell-off drag the nifty to 4420 level just above the support level 4410 given by me.
Today nifty will be range bound there should not be must volatility as the worst was over yesterday itself but traders should be cautious at higher levels.
Nifty to trade in the range 4450-4560 levels, either side break to give a new direction to the market for the day and any panic sell-off should be a buying opportunity for smart investors, nifty will have a strong support at 4350 one can take position at this level with a stop loss of 4270 level.
Activity to be seen in Metal, Banking and Reality stocks with negative bias for the day.
Trading opportunity can be seen in IDBI, Power Grid and Suzlon.
Nifty to have support at 4480/4450/4410 and resistance 4525/4560/4620 for the day.
Have nice trading day
Today nifty will be range bound there should not be must volatility as the worst was over yesterday itself but traders should be cautious at higher levels.
Nifty to trade in the range 4450-4560 levels, either side break to give a new direction to the market for the day and any panic sell-off should be a buying opportunity for smart investors, nifty will have a strong support at 4350 one can take position at this level with a stop loss of 4270 level.
Activity to be seen in Metal, Banking and Reality stocks with negative bias for the day.
Trading opportunity can be seen in IDBI, Power Grid and Suzlon.
Nifty to have support at 4480/4450/4410 and resistance 4525/4560/4620 for the day.
Have nice trading day
Tuesday, July 28, 2009
Market OutLook 29-JUL-2009
On global cues market to open at lower levels with negative bias for the day, for the rally to continue nifty has to trade above 4560 level for the day, a break below 4500 shall lead short –term weakness in the market and nifty can test 4410 in the next few trading and can go well below this level.
Investors and traders are advised to book partial profit and be cautious at higher levels ahead of F & O settlement and re-enter at lower levels.
Overall the market looks good and one can buy on very decline and during the consolidation phase nifty to trade in the range 3850-4750 for the next few months.
Nifty to trade in the range 4500-4600, either side break to give a new direction to the market for the day.
Buying Opportunity still available in the small caps and penny stocks for long-term investments.
Investors can buy Sona Koya, Paramount communications and DCW for long-term investment.
Traders to have good trading opportunity in HCC, Balrampur Chinni and Praj Ind for the day.
Nifty to have support at 4530/4500/4450 and resistance at 4588/4610/4640 for the day.
Have a nice trading day.
Investors and traders are advised to book partial profit and be cautious at higher levels ahead of F & O settlement and re-enter at lower levels.
Overall the market looks good and one can buy on very decline and during the consolidation phase nifty to trade in the range 3850-4750 for the next few months.
Nifty to trade in the range 4500-4600, either side break to give a new direction to the market for the day.
Buying Opportunity still available in the small caps and penny stocks for long-term investments.
Investors can buy Sona Koya, Paramount communications and DCW for long-term investment.
Traders to have good trading opportunity in HCC, Balrampur Chinni and Praj Ind for the day.
Nifty to have support at 4530/4500/4450 and resistance at 4588/4610/4640 for the day.
Have a nice trading day.
Monday, July 27, 2009
Market OutLook 28-JUL-2009
On mixed global cues market to open flattish with positive bias for first hour of trading and thereafter to be volatile due to credit policy announcement.
For the rally to sustain nifty should hold above 4560, if trades below 4560 then traders should book profits and nifty can test 4410 in the comings days.
Nifty during the consolidation phase to trade in the range 3850 – 4750 levels, any sharp correction will be a buying opportunity for investors and traders.
For the day nifty to trade in the range 4500 – 4620, either side break to give a new direction to the market.
Activity to be seen in mid cap stocks, one can watch for mid cap IT, mid cap banking and mid cap Pharma stocks.
Traders can take long positions in GVKPOWER, IFCI, 3IINFO, and NAGARJUNA CONSTRUCTIONS.
Nifty to take support at 4530/4500/4450 and resistance at 4590/4620/4650 for the day.
For the rally to sustain nifty should hold above 4560, if trades below 4560 then traders should book profits and nifty can test 4410 in the comings days.
Nifty during the consolidation phase to trade in the range 3850 – 4750 levels, any sharp correction will be a buying opportunity for investors and traders.
For the day nifty to trade in the range 4500 – 4620, either side break to give a new direction to the market.
Activity to be seen in mid cap stocks, one can watch for mid cap IT, mid cap banking and mid cap Pharma stocks.
Traders can take long positions in GVKPOWER, IFCI, 3IINFO, and NAGARJUNA CONSTRUCTIONS.
Nifty to take support at 4530/4500/4450 and resistance at 4590/4620/4650 for the day.
Sunday, July 26, 2009
Market OutLook 27-JUL-2009
On global cues market to open on the higher side with positive bias till the midsession of trading in the second session profit booking is expected at higher levels.
One has to be cautious at higher levels ahead of F & O settlement on coming Thursdays.
Nifty to trade in the range 4250-4750 for the week, either side break to give a new direction to the market, I think nifty will face a tough resistance at 4750 levels, for the rally to sustain nifty to should hold above 4560, if closes below 4560 level then it can test 4320 in the next few trading sessions.
Traders can take long positions at current levels with a stop loss of 4415 level.
Activity to be seen in Banking, Metal, Cement, and Fmgc in this week.
Investors and traders can take long positions in UCO Bank, Vijaya Bank, Prism cement, Sail, Dabur and 3iinfo for short term gains.
Nifty to have support at 4520/4480/4420 and resistance at 4580/4620/4650 for the day.
Have a nice trading day.
One has to be cautious at higher levels ahead of F & O settlement on coming Thursdays.
Nifty to trade in the range 4250-4750 for the week, either side break to give a new direction to the market, I think nifty will face a tough resistance at 4750 levels, for the rally to sustain nifty to should hold above 4560, if closes below 4560 level then it can test 4320 in the next few trading sessions.
Traders can take long positions at current levels with a stop loss of 4415 level.
Activity to be seen in Banking, Metal, Cement, and Fmgc in this week.
Investors and traders can take long positions in UCO Bank, Vijaya Bank, Prism cement, Sail, Dabur and 3iinfo for short term gains.
Nifty to have support at 4520/4480/4420 and resistance at 4580/4620/4650 for the day.
Have a nice trading day.
Wednesday, July 22, 2009
market Outlook 23-JUL-2009
On global cues market to open slightly on the higher side with positive bias for the day. yesterday’s correction was buying opportunity at lower levels, if nifty hold above 4380 then the rally to continue and nifty can test 4600 in the next few trading sessions and a break below 4380 can drag the nifty to 4270.
Nifty to trade in the range 3800 - 4750 in the consolidation phase for the next three months, in very short –term nifty to trade in the range 4380- 4560, either side to break to give new direction to the market .
Activity can be seen in IT mid cap, Infra and reality stocks for the day.
In short term investors can buy FSL, Apollo Tyre, 3iinfo and Nagarjuna constructions.
Nifty to have support at 4410/4380/4350 and resistance at 4470/4500/4560 for the day.
Nifty to trade in the range 3800 - 4750 in the consolidation phase for the next three months, in very short –term nifty to trade in the range 4380- 4560, either side to break to give new direction to the market .
Activity can be seen in IT mid cap, Infra and reality stocks for the day.
In short term investors can buy FSL, Apollo Tyre, 3iinfo and Nagarjuna constructions.
Nifty to have support at 4410/4380/4350 and resistance at 4470/4500/4560 for the day.
Tuesday, July 21, 2009
Market OutLook 22-JUL-2009
On mixed global cues market to open flattish with positive bias for the first hour of trading, market is in consolidation phase for the next few trading sessions, for the current rally to continue nifty should hold above 4270 levels.
Nifty to trade in the range 4325 – 4560 in short-term, either side break to give a new direction to the market.
The US economic data is showing signs of revival and the global fund managers are overweight on Indian market this will boost the sentiment here in the comings days.
Activity will be seen in metal, Reality, Power and mid cap IT stocks.
Traders can take long position in DCW, FSL and Dish tv for short –term gains.
Nifty to take support at 4450/4410/4380 and resistance at 4500/4520/4560 for the day.
Nifty to trade in the range 4325 – 4560 in short-term, either side break to give a new direction to the market.
The US economic data is showing signs of revival and the global fund managers are overweight on Indian market this will boost the sentiment here in the comings days.
Activity will be seen in metal, Reality, Power and mid cap IT stocks.
Traders can take long position in DCW, FSL and Dish tv for short –term gains.
Nifty to take support at 4450/4410/4380 and resistance at 4500/4520/4560 for the day.
Monday, July 20, 2009
Market OutLook 21-JUL-2009
On global cues market to open flattish with negative bias for the first hour of trading, after a small correction a pullback is expected in the second session of trading.
In the last few trading sessions nifty has shown good recovery, one has to be cautious at higher levels as nifty has entered into a overbought zone.
Nifty to trade in the range 4410-4560 levels, either side break to give a new direction to the market, for the rally to continue nifty has to trade above the 4450; if able to trade above these levels for the next two trading sessions then nifty can test 4750 in the coming days.
Activity can be seen in mid cap stocks, Buy IFCI, FSL and Volta for short term gains.
Nifty to have support at 4480/4450/4410 and resistance at 4520/4560/4580 for the day.
In the last few trading sessions nifty has shown good recovery, one has to be cautious at higher levels as nifty has entered into a overbought zone.
Nifty to trade in the range 4410-4560 levels, either side break to give a new direction to the market, for the rally to continue nifty has to trade above the 4450; if able to trade above these levels for the next two trading sessions then nifty can test 4750 in the coming days.
Activity can be seen in mid cap stocks, Buy IFCI, FSL and Volta for short term gains.
Nifty to have support at 4480/4450/4410 and resistance at 4520/4560/4580 for the day.
Sunday, July 19, 2009
Marlket OutLook 20-JUL-2009
Market to open flattish with positive bias for the day, Friday’s strong close indicates the rally to sustain and extend the last weeks gain on global cues.
The revival of monsoon and the encouraging corporate result so far to boost the sentiment going forward.
Nifty to trade in the range 4270-4410, either side break to give a new direction to the market, for this rally to continue further nifty should hold above 4250 levels.
Investors and traders can take long positions with a stop loss of 4250 levels; above 4410 nifty can test 4550 in the next few trading sessions.
Activity will be seen in Metal, Banking, mid cap IT, Power and Agri stocks.
Investors and traders can take long positions in Tisco, Balrampur Chinni, Renuka sugars, Chambal and Nagarjuna Fertilizer stocks for short gains.
Nifty to have support at 4350/4320/4280 and resistance at 4390/4420/4450 for the day.
Have a nice trading day.
The revival of monsoon and the encouraging corporate result so far to boost the sentiment going forward.
Nifty to trade in the range 4270-4410, either side break to give a new direction to the market, for this rally to continue further nifty should hold above 4250 levels.
Investors and traders can take long positions with a stop loss of 4250 levels; above 4410 nifty can test 4550 in the next few trading sessions.
Activity will be seen in Metal, Banking, mid cap IT, Power and Agri stocks.
Investors and traders can take long positions in Tisco, Balrampur Chinni, Renuka sugars, Chambal and Nagarjuna Fertilizer stocks for short gains.
Nifty to have support at 4350/4320/4280 and resistance at 4390/4420/4450 for the day.
Have a nice trading day.
Thursday, July 16, 2009
Market OutLook 17-JUL-2009
On global cues market to open at higher levels with positive bias for the day with some volatility from the mid-session of trading.
Yesterday selling pressure was clearly seen at higher levels and nifty was unable closed above the 4270 levels, for pullback rally to continue the nifty must close above the 4270 levels.
Nifty to trade in the range 4181-4270 levels, either side break to give a new direction to the market and today nifty can test 4325 in intraday trading, if holds above these levels then it is positive sign for the rally to continue.
Nifty to revive only when it closes above 4325 for two conservative trading days, a close below 4181 can drag the nifty to 4000 levels in the coming days.
Power, Banking , PSU stocks to be in demand for the day. Activity can be seen in mid cap IT stocks investors can watch for FSL, 3IInfo, Rolta and Subex for long term gains.
In Fertilizer stocks Chambal and Nagarjuna Fertilizer can be bought for short term gains.
Nifty to have support at 4220/4200/4181 and resistance at 4290/4325/4350 levels for the day.
Have a nice trading day.
Yesterday selling pressure was clearly seen at higher levels and nifty was unable closed above the 4270 levels, for pullback rally to continue the nifty must close above the 4270 levels.
Nifty to trade in the range 4181-4270 levels, either side break to give a new direction to the market and today nifty can test 4325 in intraday trading, if holds above these levels then it is positive sign for the rally to continue.
Nifty to revive only when it closes above 4325 for two conservative trading days, a close below 4181 can drag the nifty to 4000 levels in the coming days.
Power, Banking , PSU stocks to be in demand for the day. Activity can be seen in mid cap IT stocks investors can watch for FSL, 3IInfo, Rolta and Subex for long term gains.
In Fertilizer stocks Chambal and Nagarjuna Fertilizer can be bought for short term gains.
Nifty to have support at 4220/4200/4181 and resistance at 4290/4325/4350 levels for the day.
Have a nice trading day.
Wednesday, July 15, 2009
Market OutLook 16-JUL-2009
On global cues market to open at higher levels with positive bias for the day with some volatility movement ,Yesterday’s pullback rally to continue if nifty holds above 4270 levels for the day.
Nifty to trade in the range 4181-4325, either side to break to give a new direction to the market, If nifty holds above 4270, traders can take short-term positions with a stop loss of 4250 for the day, Above 4325 nifty to test 4410 levels in the coming days.
Metal, Banking, Power and reality stocks will in demand today, Activity to be seen in large caps and as well as mid caps stocks.
Buying can be done in Power Grid, Voltas, Videocon , Rpower, Rcom and Unitech for short-term gains.
Nifty to have support at 4220/4200/4180 and resistance at 4270/4325/4350 for the day.
Have a nice trading day.
Nifty to trade in the range 4181-4325, either side to break to give a new direction to the market, If nifty holds above 4270, traders can take short-term positions with a stop loss of 4250 for the day, Above 4325 nifty to test 4410 levels in the coming days.
Metal, Banking, Power and reality stocks will in demand today, Activity to be seen in large caps and as well as mid caps stocks.
Buying can be done in Power Grid, Voltas, Videocon , Rpower, Rcom and Unitech for short-term gains.
Nifty to have support at 4220/4200/4180 and resistance at 4270/4325/4350 for the day.
Have a nice trading day.
Tuesday, July 14, 2009
Market OutLook 15-JUL-2009
On global cues market to open slightly on the higher side with a positive bias for the day, yesterday nifty closed above 4092 which is indicating a pullback rally and today nifty can test the 4181 levels.
One has to cautious at 4181 levels, If nifty holds the 4181 levels for the next two trading sessions then the rally to continue for the next few trading sessions.
Nifty to trade in the range 4048 - 4181, either side break to give new direction for the market in short run.
Activity to be seen in cement, capital goods, metal and banking stocks.
Buy Voltas, Bank of Rajasthan, India cement and Idbi babk at current levels for short-term gains.
Scrip’s like Sbi, Icici bank,Suzlon and Hdil can test higher levels on short covering.
Technically nifty to take support at 4080/4050/4010 and resistance at 4130/4160/4190 for the day.
Have a nice trading day.
One has to cautious at 4181 levels, If nifty holds the 4181 levels for the next two trading sessions then the rally to continue for the next few trading sessions.
Nifty to trade in the range 4048 - 4181, either side break to give new direction for the market in short run.
Activity to be seen in cement, capital goods, metal and banking stocks.
Buy Voltas, Bank of Rajasthan, India cement and Idbi babk at current levels for short-term gains.
Scrip’s like Sbi, Icici bank,Suzlon and Hdil can test higher levels on short covering.
Technically nifty to take support at 4080/4050/4010 and resistance at 4130/4160/4190 for the day.
Have a nice trading day.
Monday, July 13, 2009
Market OutLook 14-JUL-2009
On global cues market to open at higher levels with positive bias for the day, Market expected to bounce back and trade on the higher side and the rally to continue for the next few trading sessions.
The outcome of the Q1 result and the monsoon to influence the future direction of the market in short term.
Nifty to trade in the range 3950 – 4040, either side break to give new direction to the market, If nifty closes above 4092 levels then it can test 4180 levels in the next few trading sessions and on the other side a close below 3950 can drag the nifty to 3800 in the coming days.
Investors and traders can take long positions in banking, metal, and power and infra stocks for short -term gains with nifty stop loss of 3950 levels.
Traders can buy stock like Rec, Welspun Guj, Voltas, Power Grid, Jp Hyro and Chambal fert for short –term trading and moreover these stocks are good for long –term investment also.
Technically nifty to have support at 3930/3900/3880 and resistance at 3990/4040/4080 for the day.
Have a nice trading day.
The outcome of the Q1 result and the monsoon to influence the future direction of the market in short term.
Nifty to trade in the range 3950 – 4040, either side break to give new direction to the market, If nifty closes above 4092 levels then it can test 4180 levels in the next few trading sessions and on the other side a close below 3950 can drag the nifty to 3800 in the coming days.
Investors and traders can take long positions in banking, metal, and power and infra stocks for short -term gains with nifty stop loss of 3950 levels.
Traders can buy stock like Rec, Welspun Guj, Voltas, Power Grid, Jp Hyro and Chambal fert for short –term trading and moreover these stocks are good for long –term investment also.
Technically nifty to have support at 3930/3900/3880 and resistance at 3990/4040/4080 for the day.
Have a nice trading day.
Sunday, July 12, 2009
Market Out Look 13-JUL-2009
Market to open down with 40 – 50 points in nifty, Friday’s last hour of trading indicates further weakness in the market, as nifty has breached all the important levels now it can test 3800 in the next few trading sessions.
The down side from the current level is less, Investors can take position in small lots at 3800 levels and can utilizes this fall to restructure their portfolio with INFRA , FMGC , POWER , METAL and CEMENT STOCKS for long term gains.
Traders can sell SUZLON below 76 for a target price of 63 with a stop loss of 81 and sell RCOM below 235 for a target price of 210 with stop loss of 241 levels.
Nifty to range in the range 3800 – 4092, either side break to give new direction to the market.
Technically nifty to trade support at 3950/3920/3900 and resistance at 4020/4050/4092 for the day.
Have a nice trading day.
The down side from the current level is less, Investors can take position in small lots at 3800 levels and can utilizes this fall to restructure their portfolio with INFRA , FMGC , POWER , METAL and CEMENT STOCKS for long term gains.
Traders can sell SUZLON below 76 for a target price of 63 with a stop loss of 81 and sell RCOM below 235 for a target price of 210 with stop loss of 241 levels.
Nifty to range in the range 3800 – 4092, either side break to give new direction to the market.
Technically nifty to trade support at 3950/3920/3900 and resistance at 4020/4050/4092 for the day.
Have a nice trading day.
Wednesday, July 8, 2009
Market Out Look 9-JUL-2009
On mixed global cues market to open flattish with negative bias for the first hour of trading, if nifty holds above 4092 levels a bounce back can be expected and nifty can test 4180 today itself.
IMF Positive forecast on growth for global economy and Indian economy for 2010 to boost the sentiment going forward.
Nifty to trade in the range 4020 – 4090, either side break to give new direction to the market for the day, if nifty trades below 4000 can test 3800 in the coming days.
Investors and traders can take positions is small lots today, if nifty trades above 4092 with a stoop loss of 4060(Yesterday’s low) levels.
Activity to be seen in SUGAR, CEMENT and TEA STOCKS, One can take positions in Balrampur chini, Renuka sugars and Sakthi sugars in the sugar sector and Harrisons Malayalam in tea sector and Prism and India cement in cement sector.
Technically nifty to have support at 4060/4020/3990 and resistance at 4090/4120/4180 levels for the day.
Have nice trading day.
IMF Positive forecast on growth for global economy and Indian economy for 2010 to boost the sentiment going forward.
Nifty to trade in the range 4020 – 4090, either side break to give new direction to the market for the day, if nifty trades below 4000 can test 3800 in the coming days.
Investors and traders can take positions is small lots today, if nifty trades above 4092 with a stoop loss of 4060(Yesterday’s low) levels.
Activity to be seen in SUGAR, CEMENT and TEA STOCKS, One can take positions in Balrampur chini, Renuka sugars and Sakthi sugars in the sugar sector and Harrisons Malayalam in tea sector and Prism and India cement in cement sector.
Technically nifty to have support at 4060/4020/3990 and resistance at 4090/4120/4180 levels for the day.
Have nice trading day.
Tuesday, July 7, 2009
Market Out Look 8-JUL-2009
On global cues market to open 30-50 points lower and to trade in negative zone till noon, Nifty should hold the 4150 level for the market to bounce back.
Nifty to trade in the range 4120 - 4182, either side break to give a new direction to the market.
If nifty trades below 4100 is can test 3800 in the coming days. Investors can avoid taking any long position till nifty settles down.
Activity to be seen in FMGC stocks for the day, Watch for ITC , DABUR and HLL.
Technically nifty to have support at 4160/4120/4080 and resistance at 4238/4270/4300 levels for the day.
Have a nice trading day.
Nifty to trade in the range 4120 - 4182, either side break to give a new direction to the market.
If nifty trades below 4100 is can test 3800 in the coming days. Investors can avoid taking any long position till nifty settles down.
Activity to be seen in FMGC stocks for the day, Watch for ITC , DABUR and HLL.
Technically nifty to have support at 4160/4120/4080 and resistance at 4238/4270/4300 levels for the day.
Have a nice trading day.
Monday, July 6, 2009
Market Out Look 7- JUL - 2009
Market to open flattish with a negative bias for the day. The budget seems to be a populist budget and there was not much policy related to the reforms.
As there was much expectation from this budget for the capital market as it did not happen , the market reacted negatively to the budget.
I think policy reform will be addressed from time to time when required for the economy, there is nothing to panic in the market, but further correction is expected from the current level a break below 4090 can drag the nifty to 3850 levels in the coming days.
Nifty to trade in the range 4090 – 4182 levels, either side break to give a new direction to the market for the day and can test 3900 – 3850 levels.
Nifty will be more attractive at 3900 for the long- term investments.
INFRA, FMGC and POWER to benefit from this budget.
Nifty technically have support at 4125/4090/4020 and resistance at 4200/4220/4275 for the day.
Have a nice trading day.
As there was much expectation from this budget for the capital market as it did not happen , the market reacted negatively to the budget.
I think policy reform will be addressed from time to time when required for the economy, there is nothing to panic in the market, but further correction is expected from the current level a break below 4090 can drag the nifty to 3850 levels in the coming days.
Nifty to trade in the range 4090 – 4182 levels, either side break to give a new direction to the market for the day and can test 3900 – 3850 levels.
Nifty will be more attractive at 3900 for the long- term investments.
INFRA, FMGC and POWER to benefit from this budget.
Nifty technically have support at 4125/4090/4020 and resistance at 4200/4220/4275 for the day.
Have a nice trading day.
Sunday, July 5, 2009
Market Out Look 6-JUL-2009
Market to open flattish, huge volatility is expected till the end of first session of trading and second session should take either direction based on the outcome of the budget.
Friday’s close was strong indicating a rally ahead, tough nifty has closed above 4410 it has to hold these level for the rally to continue further.
Nifty to trade in the range 4325 – 4450 level, either side break to give a new direction to the market.
Agri ,Textlies , Infra and Banking sector to benefit from the budget.It's better to take positions after the budget outcome.
Technically nifty to have support at 4380/4340/4250 and resistance at 4450/4490/4550 for the day.
Friday’s close was strong indicating a rally ahead, tough nifty has closed above 4410 it has to hold these level for the rally to continue further.
Nifty to trade in the range 4325 – 4450 level, either side break to give a new direction to the market.
Agri ,Textlies , Infra and Banking sector to benefit from the budget.It's better to take positions after the budget outcome.
Technically nifty to have support at 4380/4340/4250 and resistance at 4450/4490/4550 for the day.
Wednesday, July 1, 2009
Market Out Look 2-JUL-2009
On global cues market to open flattish with positive bias for the first hour of trading, if nifty holds above 4320 can further rally till 4390 levels and on the other hands if trades below 4320 can test the strong support of 4250 levels.
Nifty to trade in the range 4320 – 4365, either side break to give a new direction to the market for the day.
In my view nifty should continue to rally till 4600 levels in the next few trading sessions, traders can take long positions with a stop loss of 4220 level.
Activity can be seen in OIL and BANKING sector for the day, one can take position in MRPL and RPL in oil sector and in banking sector YES BANK and SYNDICATE BANK for short-term gains.
Yesterday we have taken positions in MPRL AND ISPAT for our clients.
Technically support for nifty is at 4320/4290/4250 and resistance at 4390/4420/4450 for the day.
Have a nice trading day.
Nifty to trade in the range 4320 – 4365, either side break to give a new direction to the market for the day.
In my view nifty should continue to rally till 4600 levels in the next few trading sessions, traders can take long positions with a stop loss of 4220 level.
Activity can be seen in OIL and BANKING sector for the day, one can take position in MRPL and RPL in oil sector and in banking sector YES BANK and SYNDICATE BANK for short-term gains.
Yesterday we have taken positions in MPRL AND ISPAT for our clients.
Technically support for nifty is at 4320/4290/4250 and resistance at 4390/4420/4450 for the day.
Have a nice trading day.
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