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DAILY PREDICTION

Advice for – Thursday, May 14, 2009

Yesterday: Sensex witnessed fluctuating day as expected. It went down sharply in the second half of the trading session.

 

Today: Indian Stock Market will likely to open in red due to weak global cues and if nifty would hold the level of 3550 than we may see some upward movement in the second half of the session. Sensex has to cross above 12300 to get some momentum and if it falls below 11500 than fall will commence.

 

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BSE Sensex: (12020) The support for the Sensex is 11500 and the resistance to the up move is at 12200-12500.

 

NSE Nifty: (3635) The support for the Nifty is at 3600-3550 and the resistance to the up move is at 3700-3750.

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