For The Day (06 July 2009)

FOR THE DAY: Domestic markets are likely to open on flat-to-negative note following the weak Asian indices.

Traders are advised to stay long above 4450 else from lower supports of 4380 levels with a final stop loss placed below the 4350 levels.

Fresh speculative shorts would be advised if the Nifty fails to break past 4520 levels targeting lower supports.

Investors are advised to remain cautious and play levels specific due to the event which will set the trend for another 12-15% directional movement in the near term on either direction.

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