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DAILY PREDICTION

Advice for- Friday, May 7, 2010

Last Trading Session: As predicted by us that market would see sharp downtrend, Market has gone in red. It had some support at 5120 but then it broke that support levels also.

 

Today: Indian stock market still looks negative. Next support levels would exist at 5030. No signs of strength have been seen yet. Any uptrend would have equal and opposite reaction.

 

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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: (16988) The support for the Sensex is 16850 and the resistance to the up move is at 17275.

 

NSE Nifty: (5091) The support for the Nifty is at 5030 and the resistance to the up move is at 5160-5200.

 

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