Trading Tip (30 June 2009)

FOR THE DAY: The indices are expected to open on a positive note backed by positive moves in the US markets while, the Asian indices are trading on a positive note.

Trade long in the Nifty if it holds above 4400 levels else if 4360 levels hold with a stop loss placed at 4340 levels.

Nifty has a crucial support placed at 4360 levels which if breached below; short positions may be assumed for day trading, speculative shorts may also be taken if Nifty fails to sustain above 4450 levels targeting lower supports.

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