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DAILY PREDICTION

Advice for – Tuesday, December 15, 2009

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Yesterday: Market opened negative than continued with a big positive but rangebound in the same Nifty 100 points but was unable to breach our resistance level of 5183 and was sharply retreated with the negative close.

 

Today: Today Indian stock market would open with flat to negative gap. Market is still consolidated within the region of 5051-5183 for Nifty. Market direction would only be clear if it breaks either level. Sharp movement would be seen once it breaches any of these levels. Traders should trade in small quantity till then.

 

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

 

BSE Sensex: (17189) The support for the Sensex is 17000 and the resistance to the up move is at 17466.

 

NSE Nifty: (5106) The support for the Nifty is at 5051 and the resistance to the up move is at 5183.

 

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