Market today

Global signal showing positive market open today ,nifty open with almost 50 point higher then yesterday around 4935 and try to break 4970 level in intraday but inmy view sell at every rise is better stretagy then buying at current level, yet no positive for long term senrio in market so better to stay away  for investment .

Sell nifty around 4965 with stoploss of 5010 for target of 4800 in week time.

Buy infosys 2500 put at 74 with stoploss of 55 for a target of 300 incoming days.

Market overview

On Friday market at weekend note open with a negative bias and selling come across the board nifty break down its  latest low and also break 4800 but sharply correct and with some sectoral buying pull beck for nifty and nifty touch a high of 4893 that time it seem market will move more upside but market go down and nifty settled at 4850 at the end of session.

Hero motto corp is the performer of the week,during this week nifty down almost 4.5% stock of hero motto rise more then 5%.chambal fertiliser also gain 2.5% on Friday.

stock of week like infosys just melt down due to crisis in USA and Europe ,investor worry about its operation in these country put selling pressure on infosys and its touch a 52 week low of 2172 and close around 2225.News of stake sale of government enterprises Hindustan copper ltd. by 10% stock move up by 4% and close at 224.

Next week expectation of volatility in market due to expiry and nifty movement in this month make a high up down movement ,Nifty can break its 52 week low in this session so long term investor can buy some quantity of  good stock like itc,cairn and nilkamal plastics.