FOR THE DAY (28 Aug 2009)


FOR THE DAY:

The indices are expected to open on a flat-to-negative note tracking flat US markets and mixed Asian indices.

 Trade long in Nifty if it holds 4650 levels, else from 4620 levels with a stop loss placed at 4600 levels for a target of 4700 levels.

Alternatively trade short if Nifty fails to take off 4700 levels.

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