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DAILY PREDICTION

Advice for – Friday, July 17, 2009

Yesterday: As we predicted, Indian Stock Market opened with a bull gap and at level of 4320, profit booking brought down the market. Market almost closed flat.

 

Today: Indian Stock Market is expected to open positive. Again 4320 is a major resistance level if nifty would trade above that level than next target for the nifty would be 4500 till than do trade in small quantities as we would see both side movements until 4320 level for nifty is breached.

                           

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: (14250) The support for the Sensex is 13700 and the resistance to the up move is at 14500.

 

NSE Nifty: (4231) The support for the Nifty is at 4100 and the resistance to the up move is at 4320.

 

F&O Cues: FII were net buyers of 113 crore in Index Future and sellers of 11 crore in stock futures.

 

Results to be declared today: India Info, TCS, CG, Colpal, Kirloskar Bro, SKF

 

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