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Advice for – Tuesday, December 29, 2009

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Last trading session: As we predicted, Market went up sharply due to short covering with a little bit low volume most of the players were out of the market as for now.

 

Today: Today again Indian stock market would open positive. Market should go around 5220 where it would find some resistance but I would be in the market as far as 5100 hold in the nifty.

 

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BSE Sensex: (17360) The support for the Sensex is 17000 and the resistance to the up move is at 17500.

 

NSE Nifty: (5178) The support for the Nifty is at 5051-5100 and the resistance to the up move is at 5183-5220.

Advice for – Wednesday, March 04, 2009

BSE Sensex: (8427) market reached our first target of 8400 & moving towards our second target of 8100.We firmly believe that if 8150 should be held so some trading can be done on that level. But if it broke that level also than 7500 would be the next target for the sensex.

The support for the Sensex is 8150 and the resistance to the up move is at 8600-8700

 

Nifty: (2622) the support for the Nifty is at 2600-2550-2500 and the resistance to the up move is at 2700-2730

Advice for – Tuesday, March 03, 2009

BSE Sensex: (8607) as we said market has not shown any sign of up-moves & again we are in the process to see new lows. So stay away from the market and wait till this market broke the resistance level of 8800.Till that it is very weak market.
 

The support for the Sensex is 8390-8150 and the resistance to the up move is at 8700-8800

 

Nifty: (2675) the support for the Nifty is at 2630-2610 and the resistance to the up move is at 2730