NIfty for 9th July 2009

Before market hrs:
* US markets ended flat after weak opening.
* Asian markets are trading mixed.
* SGX Nifty is trading strong at 4078 (+13 pt) at 9.30 am.
* TRIN at 1.3 is positive and tells us market is oversold.
* RIL didn't closed above 1860 but intraday movement was strong.
* Supports: 4040, 3997 and Resistance: 4120, 4150, 4205 levels.
* BUY NF above 4114 for targets 4167 / 4255 (SL 15 pt)
* SELL NF at around 4020 for targets 3975/3888 (SL 15 pt)
* Swing reversals: 2 day (4232) and 5 day (4480) - - > DOWN.
* Hold NTPC and PowerGrid for long term for Nifty Cash SL 3888 levels.

End of the day:
* Nifty and RIL both were strong today.