On mixed global cues market to open flattish with positive bias during the first hour of trading ,volatile is expected in the second session of trading.
Yesterday the large cap stocks came selling pressure, but the mid cap stocks are still holding that shows more activity in the coming days in mid cap.
Nifty to trade in the range 4620-4730, either side break to give to give a new direction to the market ,if nifty closes above the 4750 level then can test 4850 in the coming days.
Stocks like IFCI, IDBI, PRISM CEMENT,CHAMBAL FERT & FSL looks attractive at these levels for short term gains.
NHPC to be listed around 40-42 levels, if hold above 43 buy for intraday, investors can buy for long term gains. Power stocks to be in demand for the day.
Technically nifty to have support at 4630/4600/4580 and resistance at 4690/4730/4780 for the day.
BSE, NSE Stock Ticker, India
Monday, August 31, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment