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DAILY PREDICTION

Advice for – Thursday, October 16, 2008

div align=”justify” /divdiv align=”justify”Still not a very good time for the market. Even though CRR cut is there it will shows it’s effect in the medium term specially on the banking system so market wont take it positively unless we get clear clues from global market. Cause market will stabilized only if FII selling will stop./divdiv align=”justify” /divdiv align=”justify”strongBSE Sensex:/strong (10809) So far the structure still looks weak and we see a retest on the previous low 10240.The support for the Sensex is strong10240-10000-9700/strong and the resistance to the up move is at strong11410.br //strongbr /strongNSE Nifty:/strong (3338) the support for the Nifty is at strong3198-3000/strong and the resistance to the up move is at strong3491./strong/divdiv align=”justify”strong/strong /divdiv align=”justify” /div

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