On global cues market to open at higher levels with positive bias for the day, selling pressure to be seen at higher levels for the day.
Yesterday’s nifty close above 4560 levels which indicates further strength in the market and fresh long positions is expected in the market.
Today nifty to trade in the range 4520-4620, either side break to give a new direction to the market and a close above 4650 level can take the nifty to 4800 in the next few trading sessions.Overall maarket looks good for short-term investments.
Activity to be seen in banking, mid cap IT, FMGC and oil sector.
Nifty to have support at 4520/4500/4480 and resistance at 4600/4650/4690 for the day.
BSE, NSE Stock Ticker, India
Thursday, July 30, 2009
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