BSE, NSE Stock Ticker, India

Thursday, November 5, 2009

Martket OutLook 06-NOV-2009

On positive gap up and to be positive 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.

Yesterday nifty made a remarkable recovery from the lower levels, its seems now nifty has a strong support at 4600 levels, Today if nifty sustains above 4790 levels for the next two trading then the rally to continue further till 5100 levels in the coming days.

Nifty to trade in the range 4680-4790, 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 TELCOM SPACE RCOM, BHARATI AND IDEA TO BE ACTIVE FOR DAY.

IN AUTO SPACE TATA MOTORS, ASHOK LEYLAND AND M& M TO BE ACTIVE FOR THE DAY.

FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM.

PARAMOUNT CABLES >13
PRICOL >15
BARTRONICS >141
GMR INFRA >63


Have a nice trading day.

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