"Markets have become volatile as roll over of positions commenced due to the impending expiry of June series this thursday, however, managed to close positive at the end of the session. Barring unforeseen events, it appears that the june series might settle below may settlement of 4295.80; Nifty is likely to settle between 4200 and 4300 on 28th June 07.
US markets have opened strong but gave away due to specific concerns related to their economy and companies, and closed marginally negative. Our markets might open positive but shall be choppy during the day. Stocks to watch shall be ONGC, RIL, SBI, RCOM and Technology sector.TCS, WIPRO and INFOSYS can be accumulated from the current levels gradually since they are holding their supports and shall give substantial returns in the long run.
High risk intra day traders can buy 4200 calls on dips and 4300 puts on rallies, in the current series to capture quick returns.
The day's range for Nifty shall be 4180 (Support) and 4295 (Resistance); Sensex shall be 14200 (Support) and 14600 (Resistance)
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