Nifty to extent last five days gains further on positive global cues, market is expected to trade on the higher side during the morning session and at higher levels selling pressure is expected in the afternoon session any fall in the market is buying opportunity in the market.
As long as nifty trade above 4750 no need to panic, today the focus will be on the IIP data for the month of July and market to react accordingly.
Nifty to trade in the range 4760-4830, either side break to give new direction to the market.
The revival of the Monsoon all over India to boost the sentiment further and one can see good activity in Fertilizer, seeds and pesticides stocks.
Buy CHAMBAL FERT, NAGARJUNA FERT, UNITED PHOS and KAVERI SEEDS short-term gains.
Technically nifty to have support at 4780/4750/4705 and resistance at 4830/4850/4890 for the day.
Have nice trading day.
BSE, NSE Stock Ticker, India
Thursday, September 10, 2009
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