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DAILY PREDICTION

Advice for – Wednesday, April 22, 2009

Yesterday: market opened in negative zone and as we said it bounced up smartly. After RBI policy it again went down and again climbed up. So overall, market was very volatile.

 

Today: volatility will remain in Indian Stock Market so it’s very tough for trader to book the profit. A lot will depend on global cues. But still good opportunities would be there for day trading and short term deliveries.

 

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 (10898): The support for the sensex is 10700-10500 n resistance on the up move is 11000.

 

NSE Nifty (3365): The support for the nifty is 3350-3300 n resistance on the up move is 3400.

 

Quarterly Result to be declared today:

 

ACC, Ambuja cement, Wipro, HCL, Yes bank, ZEE Entr, Hind. Zing, Merico, MACMILAN Ind., RIIL, IL&FS

 

Profits for the last trading session (For Paid Subscribers)

 

On Tuesday Intraday trade on RIL was successfully executed. The script was bought for intraday trade at 1698-1700 and sold at 1719 giving a profit of 1.25%. But as the trade was intraday so 5 times the quantity was traded and hence gave a profit of 6.25%.

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