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DAILY PREDICTION

Advice for- Monday, May 17, 2010

Last Trading Session: Indian Stock Market went down sharply and closed below our resistance levels of 5095

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Today: As we told that if market closes below our resistance level of 5095 then some sharp downtrend can be seen. And as market closed at 5094 below our resistance level of 5095, we would see some downtrend. Market is expected to open gap down on Monday.

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BSE Sensex: (16995) The support for the Sensex is 16850 and the resistance to the up move is at 17250.

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NSE Nifty: (5094) The support for the Nifty is at 4995 and the resistance to the up move is atΒ 5150-5250.

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Click here to check market prediction for next trading session.

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