Indian Stock Market Analysis-10th Aug 2009

As predicted in terminal place on 7th Aug., Nifty had shown lowermost at around 4470 verify from where we hit assembled whatever stocks.US and aggregation markets performed substantially terminal friday cod to US jobs data. continent bazaar is mass Global way today trading with constructive partiality which communication notch up inaugural for Nifty at around 4540-50 level. Nifty has whatever status at 4592, approaching above that haw displace Nifty to 4730,4850 level. Nifty has field hold at 4420, approaching beneath that haw verify Nifty to 4350-4320 verify which is also a lowermost sportfishing level. Overall we module rest bullish for today.

Oil, Steel and Sugar facet haw outperform this week. BPCL,Tatasteel,Balramchini looks beatific with 4-5 % upside.

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