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DAILY PREDICTION

Advice for – Thursday, April 16, 2009

Yesterday: The Indian Stock market has closed positive even after bad numbers declared by Infy.

 

Today: It looks like that bull is not in a mood to give up. The target for the sensex is 11500 but as market is well above 25-28% we may see huge profit booking at this level. The volatility of Indian Stock Market may increase and big surprises may be seen. It is suggested to trade cautiously and in small amounts, keep cash in hand as anytime a big downtrend may be seen, which may trap the traders.

 

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling  and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

 

BSE Sensex: (11285) The support for the Sensex is 11000 and the resistance to the up move is at 11500-11600.

 

NSE Nifty: (3484) the support for the Nifty is at 3400 and the resistance to the up move is at 3550-3630.

 

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