Global index eyes on FOMC meeting the market will be muted for two days, but the domestic news tunes nifty direction , it seems to be technical weak for short term in nifty, short at higher levels or on rise having a tight stop loss will be right play, by end of this week it may test 4324 and bounce back from there as long term are intact most of the global news are shows the economic recovery , Sell nifty 4450 or 4420 with strict sl of 4470 to the target of 4388, 4370.
For commodity stay away from shorts in base metals as the china and Japan shows advance in the industrial output growth.
If market is positive buy infosys above 2103 with the sl of 2091 to the target of 2117, 2126
Have a nice day..................
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