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.
BSE, NSE Stock Ticker, India
Sunday, July 5, 2009
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