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DAILY PREDICTION

Advice for – Monday, May 3, 2010

Last Trading Session: Market remained volatile and managed to close above 5250 for Nifty.

 

Today: Indian Stock Market is overall positive until it holds 5250 for Nifty. If market closes below this level in this week then some negative trends can be seen. Some correction is definitely expected in upcoming days. Traders should be cautious about support and resistance levels. Short term investor should book their profits at these levels, don’t book losses. Mid term and long term investors should remain invested as market is expected to see some new highs by the end of this year and in start of next year.

 

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: (17559) The support for the Sensex is 17400 and the resistance to the up move is at 17750-17825.

 

NSE Nifty: (5278) The support for the Nifty is at 5260 and the resistance to the up move is at 5350-5380.

 

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