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DAILY PREDICTION

Advice for – Thursday, July 02, 2009

 

Yesterday: Indian Stock market open flat and went up followed by sharp correction. Market went up sharply due to positive opening of European market so overall very bad day for traders as fluctuation was @ its best.

 

Today: Indian Stock Market is expected to open positive due to positive global cues also due to positive steps to increase fuel prices by govt. But again we are nearer to our resistance level of 14900-14950 so we firmly believe that one should stay away from trading and trade cautiously.

 

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: (14645) The support for the Sensex is 14500 and the resistance to the up move is at 14890.

 

NSE Nifty: (4340) the support for the Nifty is at 4210-4250 and the resistance to the up move is at 4390.

 

F&O Cues: FII were net sellers of 238 crore in Index Future and seller of 18 crore in stock futures.

 

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