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DAILY PREDICTION

Advice for – Friday, January 08, 2010

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Yesterday: As we said yesterday, some profit booking was seen in market. Market started positive but was not able to sustain and ended in red.

 

Today: Today again Indian stock market would open flat to positive some profit booking cannot be ruled out but we feel that one should take out the profit from the market n wait till market crosses the level of 5320 or book 50% profits, so that you have 50% cash in hand and can use it when market goes lower.

 

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

 

BSE Sensex: The support for the Sensex is 17500 and the resistance to the up move is at 18000.

 

NSE Nifty: The support for the Nifty is at 5250 and the resistance to the up move is at 5380-5320.

 

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