Nifty View 05/01/10

Once again a low volume day. But sector specific move helping the markets to build on some gains. Calls on Bank Nifty and JP associate rocked out. Positional call on GNFC and NOIDA are doing well. Federal Reserve chairman Bernanke speech on Sunday boosted US markets and they running on with good gains above 1%. Hope if volume supports with a gapup then our market will cross 5300 tomorrow.


"There's an old traders' adage: 'Never trade a light market, because you can get burned,'"


So new traders should try to learn from these market and risk entry should be made only behind good guidance.


Nifty spot levels for the day:

5216 - 5233 - 5257 - 5277 - 5305 - 5333