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DAILY PREDICTION

Advice for – Tuesday, June 02, 2009

Yesterday: As we predicted, Indian Stock Market opened with positive trend and broke its important resistance of 4510. Better than expected GDP numbers also gave a boost to the market.

 

Today: We expect positive flat opening. Sensex and Nifty would see new highs but Profit booking would surely come into picture at higher levels, so traders, be cautious. Investors can stay invested. Investors should also read our post Analysis: Stocks that can provide 2-3 fold returns in a year .

 

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: (14841) The support for the Sensex is 14640 and the resistance to the up move is at 15150-15550.     

                       

NSE Nifty: (4530) the support for the Nifty is at 4510-4440 and the resistance to the up move is at 4560-4780.

 

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