On mixed global cues market to open flattish with negative bias for the first hour of trading and there after market to be volatile and buy on intraday dips will the best strategy with a stop loss of 4750 in nifty.
Yesterday nifty has once again closed above 4790 levels which is a good sign for the rally to continue to the extent of 5100 in the coming days.
Today nifty to trade in the range 4750-4840 levels, either side break to give a new direction to the market.
Activity is seen in Reality and mid cap steel sectors; one can buy UNITECH, IBREAL and VISA STEEL, ISPAT for short-term gains.
Technically nifty to have support at 4770/4740/4680 and Resistance at 4815/4840/4880 for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Tuesday, September 8, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment