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Advice for – Wednesday, February 18, 2009

 

Yesterday: As we predicted beforehand market saw negative trend throughout the day.

 

Today: Indian stock market has no sign of strength and still looks down. Sensex will see some support at 8950 mark and Nifty at 2750. If this mark is breached market would see negative rally and can again see 8000 level for Sensex and 2500 level for Nifty. Some short selling can be done with caution.

 

BSE Sensex: (9035) The support for the Sensex is 8950 and the resistance to the up move is at 9260.

 

NSE Nifty: (2771) the support for the Nifty is at 2750-2730 and the resistance to the up move is at 2950.

 

Important data to watch: Global market.

 

Today’s Pick: Buy RIL at 1230 and sell at 1240.

 

Important Note: Gold also crossed Rs 15000 for 10 grams Yesterday (Tuesday, February 17, 2009) as it was predicted by EquityPandit.com on February 14, 2009 in our Post Investing in gold safest bet. So Stay connected and keep visiting to book profits.