On global cues market to open with high gap up with negative bias for the first hour of trading and there after expected to be volatility for the day.
Market are in uptrend and any dip will be a buying opportunity with long –term point of view, anyhow traders should maintain a cautious approach at higher levels and one has to lighten their long positions and re-enter at lower levels.
Nifty to trade in the range 4900-5030 levels, a break below either side to give a new direction to the market, A close above 5030 will take the market to 5200 levels in the coming days and a close below 4900 to drag the nifty to 4750 in the coming days, Nifty to have support at 4930/4915/4880 and resistance at 5000/5030/5090 for the day.
Today telecom and infrastructure stock will be in limelight.
Watch for TTML, ITI IN Telecom and GMRINFRA & NAGARJUNA CONSSTRUCTION in infra
The following are the scrip’s to buy for medium –term gains.
GMRINFARA >141, >IDBI >123 , DCB >4281 , BATA >188, GTL INFRA >42.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Monday, September 28, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment