On mixed global cues market to open flattish with positive bias for the first hour of trading, market is in consolidation phase for the next few trading sessions, for the current rally to continue nifty should hold above 4270 levels.
Nifty to trade in the range 4325 – 4560 in short-term, either side break to give a new direction to the market.
The US economic data is showing signs of revival and the global fund managers are overweight on Indian market this will boost the sentiment here in the comings days.
Activity will be seen in metal, Reality, Power and mid cap IT stocks.
Traders can take long position in DCW, FSL and Dish tv for short –term gains.
Nifty to take support at 4450/4410/4380 and resistance at 4500/4520/4560 for the day.
BSE, NSE Stock Ticker, India
Tuesday, July 21, 2009
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