Stock Calls For 16-June-2009

Markets slid on back of the Judgment on RIL-RNRL gas supply dispute and negative global clues.
Today this (fall) may continue till 4447 and 4427,close below these can take Nifty to 4300 level.
On the up side market has to trade over 4518 for most of the session to expect a bounce till 4582 and
then 4637.

Couple of closes over 4600 can resume the rally,how ever lack of volume and negative AD ratio is a
cause of concern for long positions.

Market is in the technical correction mode. This correction is good for market health and for more bull side run.
Market is having good support at 4303 above 4303 market is still attractive. We advise wait for nifty sustaining,
dont trade in 1st hour of opening for safe trade. if any day, nifty breaks 4303 and
close below 4303 then nifty may come to 4201 very fast. Keep strict sl of 4303.