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.
BSE, NSE Stock Ticker, India
Wednesday, July 8, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment