DAILY PREDICTION

Advice for – Friday, June 12, 2009

Last Trading Session: Yesterday Indian Stock Market had shown sideways movements mainly due to profit booking and closed almost flat.

 

Today: Indian Stock Market is expected to open positive & may reach nearer to its major resistance of 4700. We believe that one can go short if nifty reaches that level.

 

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: (15411) The support for the Sensex is 15200 and the resistance to the up move is at 16000.

 

NSE Nifty: (4637) the support for the Nifty is at 4600 and the resistance to the up move is at 4700.

 

F&O Cues: FII were net sellers of 581crore in Index Future and buyers of 156 crore in stock futures.

 

Results to be declared today: Gail, India Hotel

 

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