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DAILY PREDICTION

Advice for – Monday, September 7, 2009

Yesterday: Market opened with a bull gap n consolidated in the first half. But again in the second half market shot up smartly but still didn’t touch the level of 4700 n closed around 4680.

 

Today: Indian Stock Market would open positive led by positive global cues but again 4730 is a strong resistance to be deal with. Overall structure of the market would remain positive only. But today we would be little cautious in the market so buy in small quantity or better to stay away.

 

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: (15689) The support for the Sensex is 15300 and the resistance to the up move is at 15880.

 

NSE Nifty: (4680) The support for the Nifty is at 4548 and the resistance to the up move is at 4730 

 

F&O Cues: FII were net sellers of 127 cr in index future & net sellers of 94 cr in stock future.

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