Market to open flattish with positive bias for the first hour of trading session, If holds the 4730 levels then nifty can test 4750 levels, At higher levels profit booking is expected and thereafter market to be volatile for the day.
Nifty to trade in the range 4630 - 4750, either side break to give a new direction to the market.
If nifty closes above 4750 levels for two strading sessions then the rally to continue till 5100 level in short-term
Activity to be seen in IT,PHARMA, STEEL and Financial institution stocks, Buy 3IINFO,FSL,IDBI,IFCI,IDFC,TATASTEEL,PSL HOLDING,WELSPUN GUJ,BRFL and RANBAXY for short-term gains.
Technically nifty to have support at 4630/4600/4575 and resistance at 4700/4730/4760 for the day.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Sunday, September 6, 2009
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