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DAILY PREDICTION

Advice for – Friday, December 26, 2008

The Indian stock market unfolded weak as expected and has closed in the negative; so far the market looks down, as there is no sign of strength-displayed on the charts and analysis.

 

BSE Sensex: (9569) The support for the Sensex is 9531-9328 and the resistance to the up move is at 9690

 

NSE Nifty: (2917) the support for the Nifty is at 2876 and the resistance to the up move is at 2960.

 

If market closes below 2876 levels for sensex, you may sell all your stocks, bought in last few days as market would again see downtrend and a better opportunity may come in couple of days to buy again your stocks at lower rates.

 

Data to be watch out for: Inflation, Second stimulus package, as these data can make some differences. 

 

For any comments, queries and thoughts, kindly leave a comment below.

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