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DAILY PREDICTION

Advice for – Friday, June 26, 2009

Yesterday: Indian Stock Market closed down by 77 points for Sensex, mainly due to FII selling of about 1800 cr.

 

Today: Indian Stock Market is expected to open flat with a positive bias. It would be very important to see how new F&O series will start and one has to be very careful as all the eyes are now set on budget and also on monsoon.

 

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: (14346) The support for the Sensex is 14220 and the resistance to the up move is at 14600.

 

NSE Nifty: (4242) The support for the Nifty is at 4210 and the resistance to the up move is at 4320.

 

F&O Cues: FII were net sellers of 553 crore in Index Future and buyers of 67 crore in stock futures.

 

Today’s Result: Tata Motor, BEML, Spice Jet, TVS Motor, Glenmark Pharma, Max Ind, Guj Petronet, ZEE Ent.

 

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