On strong global cues market to open slightly higher side with positive bias during the morning session and thereafter to be volatile and may close on positive note for the day.
Yesterday nifty bounced back from the lower level, we could see a pull back for the next two-three sessions however at higher levels selling is expected to emerge and advice investors to be cautious because market can move up before reacting sharply
In short-term Nifty to trade in the range 4800-5100 in the coming trading sessions with high volatility.
Today nifty to trade in the range 4920-5020, either side break to give a new direction to the market.
Technically nifty can take support at 4920/4900/4850/ and resistance at 4980/5000 /5020 for the day.
Trade with cautious without any overnight positions.
THE FOLLOWING STOCKS CAN BE BOUGHT FOR SHORT-TERM GAINS
BUY PRAJ >98 SL 96 TGT 104
BUY DAAWAT (LT FOODS) >70 SL 68 TGT 76
BUY 3IINFO > 84 SL 81 TGT 90
Have a nice trading day.
BSE, NSE Stock Ticker, India
Monday, December 21, 2009
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