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.
BSE, NSE Stock Ticker, India
Tuesday, July 14, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment