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.
BSE, NSE Stock Ticker, India
Tuesday, July 7, 2009
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