FOR THE DAY (21 July 2009)

FOR THE DAY:

 The indices are expected to open on a positive note as global indices are trading in the green.

Trade long in Nifty from 4480 levels else from 4450 levels with a stop loss placed at 4420 levels targeting 4520 and 4550 levels.

Nifty has a crucial support placed at 4400 levels which needs to be observed closely. Following the significant surges in the recent sessions profit taking is the least that can be expected.

Hence, investors are advised to remain cautious around the indicated critical levels.