BSE, NSE Stock Ticker, India

Sunday, August 16, 2009

Market OutLoot 17-AUG-2009

On global cues market to open flattish with negative bias for the day, Friday’s closing indicates the loosing of strength in the market for the next few trading sessions.

As the monsoon situations still remains grim, we advise our client to book profits at higher levels.

Nifty to trade in the range 4410 – 4700 in the short –term, either side break to give new direction to the market.

In this market condition also one has trading opportunities provider you choose the right sector, one can watch for Media, Sugar, Mid cap IT and PSU Power stocks for positional calls.

Activity for the week will be seen in Prism cement, 3iinfo,NTPC and Rpower.

Ahead of NHPC listing one can pick up PSU power stocks like NTPC, POWER GRID, and REC for short-term gains.

Nifty to have support at 4520/4500/4450 and resistance at 4600/4620/4650 for the day.

Have a nice trading day.

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