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.
BSE, NSE Stock Ticker, India
Wednesday, July 15, 2009
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