Morning Notes

US markets were flat & asian mkts are trading negative . Bias for Mkts cautious, with possible support for nifty being at 4109 and possible tgt being 4162

Nifty lvls : support at 4120 /4080/4040 and resistance at 4160 /4180 /4200

News : Hexaware tech has won an 18mn$ project from Japanese systems integrator,with further scope to go up to 33mn$ for modernising technology of postal services and involves development of a core application, Patni Computer tie-up with UK company Clear Technology, Mukesh Ambani-controlled Reliance Industries (RIL) is bidding for the project jointly with Siemens and Gammon and Anil Ambani-controlled Reliance Energy, which has bagged the contract for the Metro phase one, has joined hands with Canadian firm SNC Lavalin for the second stretch.,
Centre to review petrol, diesel prices in July, L&T Infotech to spend Rs 600cr on expansion, Gayatri Projects bags order worth Rs 140 cr

The total open interest in the market is 62,639 crore and added around 829 crore in open interest.

Stocks with +ve bias :L & t,Infosys,

Stocks for short term delivery: Unichem

Stocks for Investment :Genus overseas and BASF.