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DAILY PREDICTION

Advice for – Thursday, May 7, 2009

Yesterday: The Indian Stock Market broke the major support of 12000 mark and closed below that support level.

 

Today: The Indian Stock Market is expected to open a higher due to positive global cues but we must remember election results are nearer so market will see some sideways movements with a positive bias.

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: (11952) The support for the Sensex is 11700 and the resistance to the up move is at 12500-12200.

 

NSE Nifty: (3625) The support for the Nifty is at 3600 and the resistance to the up move is at 3700-3750.

 

Data to watch out:

 

Inflation No. , Results of Birla Copper, JSW Steel, JP Hydro, Union Bank

 

Profits for the last trading session (For Paid Subscribers)

 

On Wednesday, our Intraday on Century Textile was successfully executed and you might have booked profit of 6-10% on the amount of your investment. The Script was bought for Intraday on Wednesday at the price of Rs 263.8 and sold at the price of 267-269.

 

Our second call of Intraday on ABB was successfully executed and you might have booked a profit of 4-5% on your investments. The Script was bought for Intraday on Wednesday at the price of Rs 485 and sold at the price of 489.

 

So profits for yesterday’s trading session were 10-15% on the amount of investments.

 

So Stay connected and book huge profits.

 

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