FOR THE DAY (01 Sep 2009)


FOR THE DAY:

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

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- 4720 levels.

Alternatively assumes speculative short if Nifty fails to breach 4750 levels.

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