Market to open flattish with negative bias for the day and expected to be volatile from the second session of trading.
Market looks tired and to be range bound for the next few trading sessions, Nifty to trade in the range 4560 -4650, either side break to give a new direction to the market.
Investors are advised to book profits in the mid cap stocks and buy large cap stocks on dips.
Activity is seen in oil marketing and large cap technology stocks, Buy IOC, HPCL and BPCL in oil sector and INFOSYS ,TCS and HCL TECH in IT sector for short-term gains.
Technically nifty to have support at 4575/4550/4500 and resistance at 4620/4650/4690 for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Thursday, September 3, 2009
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