FOR THE DAY (31 Aug 2009)

FOR THE DAY:

Domestic markets are likely to open on weak note following the negative Asian indices.

Traders are advised to stay long above 4650 else from lower levels of 4620 levels with a final stop loss placed below 4600 levels.

Investors are advised to remain cautious and play levels specific as higher levels may continue to witness profit taking.

Hence, maintain a buy at dips strategy until the mentioned supports are held.