The immediate support and resistance for Nifty are
4216, 4155 / 4372, 4430
We expect the recent upward bias to continue in the short term, though
weak global markets could lead to a cautious opening today. With the
Indo-US nuclear deal moving ahead, the overall sentiment will remain
positive. Thereafter, we might see the main indices shed some gains ahead
of the outcome of the FOMC meet on Tuesday. Also, there could be some
profit booking after a four-week rally
Renuka Sugars (BUY, CMP Rs134, Target Rs145)
Reliance Industries (BUY, CMP Rs2,298, Target Rs2,450)
Long Yes Bank Aug Future @ Rs128.50 for the target price of Rs134 and stop loss placed at Rs125
Significant Rollovers were seen in JSTAINLESS,
NETWORK18, GTL, MAHSEAMLES and I-FLEX whereas
SASKEN, STERLINBIO, TULIP, BAJAJAUTO and
BHARTIARTL depicted very low rollovers