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DAILY PREDICTION

Advice for – Thursday, February 19, 2009

 

Yesterday: Indian stock market saw negative trend throughout the day and was able to end flat with minute negative trend.

 

Today: Indian stock market looks weak right now and will see sideways movements, not much high and not much low as Dow Jones still hold its 7500 level. 

 

BSE Sensex: (9015) The support for the Sensex is 8870. If this support is breached than Sensex would surely see 8500 mark in coming days and the resistance to the up move is at 9450.

 

NSE Nifty: (2776) the support for the Nifty is at 2730 and the resistance to the up move is at 2900.

 

Today’s pick: Buy RIL on margin trading

 

Data to watch: Global Market

 

Important Note: See EquityPandit.com analysis for Indian Stock Market direction Analysis Indian Stock Market direction .

 

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