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03 June, 2009

2-6-2009 trading shows that markets corrected a little bit and recovered well. Nifty closed at 4525 -5 points. FII data is negative.It is 3rd day of FIIs are on sell side. F & O data not so directional ( still the positions were not build up).

Global cues are positive. SGX nifty is just positive.

Over all view: Markets are on side ways. Nifty levels are long above 4532 (target 4650-4750) and short range up to 4430-4390. More trading decisions are to be done as per intra day positions.

s2=4386 s1= 4456 p = 4521 r1=4591 r2=4656

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