On global cues market to open lower side with a support of 4580 a break below this level can drag the nifty to 4530 intraday and bounce can seen at this level.
Market will be volatile for the day ahead of the F&O settlement, one has to be cautious at higher levels for the rally to continue nifty should hold and close above 4650 levels.
Activity will be seen in mid cap stocks, sectors like construction, reality, pharma and these sectors will be good pick in the current market conditions.
One can take positions in Ansal Infra, Orchid chem., Noida toll and Alok ind for short-term gains.
Nifty to have support at 4610/4580/4550 and resistance at 4650/4690/4720 for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Monday, August 24, 2009
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