On mixed global cues market to open flattish with negative bias during the morning sessions and can take support at lower levels in the midsession and thereafter expected to be volatile with positive bias for the day.
As nifty has taken support at 4560 levels and yesterday it has bounces back sharply till 4700 levels and today may face a strong resistance at 4740 levels a close above 4750 level can take the nifty to 4900 levels in the coming days, before reaching the 4900 levels a small correction is expected till 4600 levels.
Investor can be long with a stop loss of 4560 levels.
Technically nifty to have support at 4650/4620/4580 and resistance at 4720/4740/4790 for the day.
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
Have a nice trading day.
BSE, NSE Stock Ticker, India
Wednesday, November 4, 2009
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