Tuesday, May 25, 2010

Market Insight

A strong pull back in the US market off late and a green range all trough the world has helped nifty ti open up today.Well on the eve of expiry some shorts may be covered but trend remains questionable.
It would be interesting to see whether nifty would be able to cross 4900-4930-4950 with increased volumes.Expiry would consider some short cover and it would be interesting to see the pullback.

Nifty will open higher and later rise during the day .Support for the day is 4830-4800.

There could be a buying interest in realty and banks for the day.

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