MARKET today will open FLAT and face technical resistance 5130.NIFTY will play in the range for some time trying to breakout. Any close above 5180 with volume may see NIFTY testing earlier highs of 5200-5300 levels. Foreign funds flow will continue to play important role in directing course of our markets. But remember always stay alert as volatility will increase as the BEARS will fire their last ammunition to check the BULLS.
The following are the cues to help you in trade today.
NIFTY RANGE of today: 5060-5150.
• US & European markets FLAT , Nasdaq closed
18 months high
• Asian market opened FLAT.
• SGX nifty up 13 points.
• Dollar index is below 80.61
• Gold at $1122 and crude below $ 81.23
• London future up 4 points.
• Dow future UP 1 points at 8 am
Stock pick of the day: MAHINDRA FORGING
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