On weak global cues market to open slightly lower side with negative bias during the morning session and thereafter to be volatile and at higher level sell is expected.
Yesterday nifty traded in the narrow range with high volatility, it’s very difficult to predict the trend as there is no clear direction emerging in the market but there are movement is selected large cap and mid cap stocks therefore one can trade in the movementum stocks with cautious and should book profits at higher levels.
Today nifty to trade in the range 4950-5050, either side break to give a new direction to the market.
Technically nifty can take support at 5010/4980/4950/ and resistance at 5040/5060 /5080 for the day.
IN IT SPACE INFOSYS AND TCS LOOKS GOOD.
IN PHARMA SPACE RANBAXY AND CIPLA LOOKS GOOD.
IN CAPITAL GOODS HAVELS AND CROMPTOM LOOKS GOOD.
BUY THE FOLLOWING STOCKS FOR SHORT-TERM GAINS
GRAPHITE > 76 SL 74 TGT 81
SUZLON > 81 SL 78 TGT 88
Trade with cautious without any overnight positions.
Have a nice trading day.
BSE, NSE Stock Ticker, India
Thursday, December 17, 2009
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