On mixed global cues market to open flattish note and to trade on the positive side during the morning session of trading and thereafter at higher levels some kind of selling pressure can be expected during from the second session of trading.
Yesterday nifty reacted from its strong resistance level of 4950 and could not sustain that level, As long as the trend is up nifty can test 5150 levels before reaching that level there could be small reaction to the extent of 4780, A close below this level can drag the nifty to 4550 levels.
One can be long in the market with a stop loss of 4780 levels.
Today in the intraday nifty to trade in the range 4820-4920 levels, either side break to give a new direction to the market.
Buy on dips will be the best strategy in the market condition for the next few trading sessions.
IN PHARMA SPACE ORCHID AND NATCO TO BE ACTIVE FOR THE DAY.IN IT SPACE NIIT TECH, POLARIS & FSL TO BE ACTIVE FOR THE DAY.
IN FMGC ITC, DABUR & MARICO TO BE ACTIVE FOR THE DAY.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS.
NIIT TECH >144 SL 140.5 TGT 156
POLARIS > 165 SL 161 TGT 178
3IINFO >84 SL 81 TGT 94
DABUR >158 SL 155 TGT 171
DENA BANK > 72 SL 68 TGT 78
ASHOK LEYLAN >52 SL 51.5 TGT 56
Have a nice trading day.
BSE, NSE Stock Ticker, India
Tuesday, November 10, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment