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DAILY PREDICTION

Advice for – Wednesday, August 05, 2009

Yesterday: Indian Stock Market opened flat and went down sharply in the afternoon session led by commodity stocks. But again recover closed well above it’s crucial support of 4650. 

 

Today: Indian Stock Market is expected to open flat to positive due to quite global cues. Yesterday was a day of Profit booking but yet we have not observed any shorts in the market so still market is in the uptrend only n again 4650 is a crucial support to be watch out for. 

 

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: (15830) The support for the Sensex is 15500 and the resistance to the up move is at 16060.

 

NSE Nifty: (4680) The support for the Nifty is at 4650 and the resistance to the up move is at 4750-4777. 

 

F&O Cues: FII were net sellers of 427 crore in Index Future and buyers of 63 crore in stock futures.

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