FOR THE DAY (07-06-2010)


FOR THE DAY: Domestic markets are likely to open on a negative note following the weak Asian indices. Traders are advised to trade short if Nifty fails to breach past 5000 levels with stop loss placed at 5020 levels, for targets of 4950 and 4920 levels. Alternatively trade long only if Nifty holds 4900 levels with stop loss placed at 4890 levels targeting higher resistances.

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