DAILY PREDICTION

Advice for – Monday, May 18, 2009

Last Week: Indian Stock Market remained up on the last trading day on the as market predicted for some coalition coming in power with majority whether its UPA or NDA.

 

Today: Indian Stock Market will open with a positive note as UPA Government came in power with majority and especially without left. Market is assume to open for 1-2 minutes and then may go into circuit, so buy whatever as an when market opens at 9:55AM. Sensex is assumed to open up with 900-1000 points and can go more than 1300 points up. Swing trading is king for this type of market. Short term and long term investments can be done without any fear as the India is heading up with stable government. Day trading should be done with caution.

 

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

 

BSE Sensex: (12173) The support for the Sensex is 12500 and the resistance to the up move is at 12750-13000-13250.

 

NSE Nifty: (3672) the support for the Nifty is at 3650 and the resistance to the up move is at 3800-3850.

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