On positive global cues market to open flattish with positive bias during the morning session of the trading, Selling is expected in the midsession and likely to continue for the day with some volatility for the day, Overall market should close on a positive note.
On Friday nifty did manage to close above the 4790 levels, but could not sustain at higher levels, Even in today’s trading nifty should hold the Friday closing for the uptrend in the market to continue.
Suppose today nifty closes above 4850 for the next two trading sessions then nifty can test 5100 in the coming days.
Nifty to trade in the range 4750-4830, either side break to give a new direction to the market.
Technically nifty has a support at 4750/4710/4680 and resistance at 4790/4820/4850 for the day. Investor can be long with a stop loss of 4560 levels in the short-term.
IN IT SPACE NIIT TECH, FSL, 3IINFO & POLARIS TO BE ACTIVE FOR DAY.
IN MEDIA SAPCE NDTV & TV-18 TO BE ACTIVE FOR THE DAY
IN HOTEL SPACE INDIAN HOTELS,HOTEL LEELA & VICEROY TO BE ACTIVE FOR THE DAY.
FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.
BUY NIIT TECH > 137
BUY 3IINFO > 87
Have a nice trading day.
BSE, NSE Stock Ticker, India
Sunday, November 8, 2009
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