On mixed global cues market to open flattish with negative bias during the morning session and thereafter to be volatile and at higher level sell is expected.
Yesterday nifty bounced back from the lower level, we advise investors to be cautious because market can move up before reacting sharply, looks as if markets are unable to decide its direction
Nifty to trade in the range 4800-5100 in the coming trading sessions with high volatility.
Today nifty to trade in the range 4950-5080, either side break to give a new direction to the market.
Technically nifty can take support at 5010/4980/4950/ and resistance at 5050/5080 /5100 for the day.
Trade with cautious without any overnight positions.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Wednesday, December 16, 2009
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