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DAILY PREDICTION

Advice for – Monday, January 05, 2009

BSE Sensex: The support for the Sensex is 9890 and the resistance to the up move is at 10120-10324.

 

NSE Nifty: (3046) the support for the Nifty is at 2920 and the resistance to the up move is at 3080-3110.

 

Market has got a stimulus package from govt and its effect may be short lived as it is likely to be below market expectations.

 

Due to second stimulus package market will open UP and can book some profit around 3110.

 

Start Trading around 1.00 PM, if Nifty trade above 3070.

Today’s Peak: – Go long in HDFC and short in India bull’s real-Estate.

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