Market Mirror 4'th April 2011
On 4'th April market will open with flat to positive note. Market's shortterm trend becomes bullish but as said earlier stocks making new high, selling will emerge at higher levels. Nifty failed to cross its previous close 5835 level. Reliance & bank stocks traded in red for entire day on 1'st April. Nifty will trade negative in early trades but will bounce back from mornnig lows. Market make intra-day high during afternoon trades. Market will see profit booking in late trades.
Sectorial Impact..............
- Nifty will be in positive trades till European market opnes. Reliance will show more weakness. Reliance will make its old journey towards 1020-1002 level not on the same day but in weeks time. After European market opening Nifty might loose its intial gain in after hours trades............ Nifty close flat to negative .....
- Nifty will be weak if it closes below 5800 level.
- Software shares will be positive today in trading .....
Stop Gambling & Start Investing…..
Bye............
Nishant Jani
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