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DAILY PREDICTION

Advice for – Tuesday, April 13, 2010

Yesterday: As expected, Indian Stock Market remained flat throughout the day and closed with above its resistance levels.

 

Today: Indian Stock Market is expected to open Flat. Market trend would remain up until it holds a support level of 5300 for Nifty. Market is waiting for Infosys results, which is going to be declared. Market direction would be definitely effected by Infosys results and we may see some sharp movement in either direction. Overall Market is up and good for investors.

 

BSE Sensex: (17853): The support for the Sensex is 17680 and the resistance to the up move is at 18120.

 

NSE Nifty: (5340) the support for the Nifty is at 5300 and the resistance to the up move is at 5450.

 

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