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DAILY PREDICTION

Advice for – Wednesday, August 26, 2009

Yesterday: Market opened in a negative zone and recovered sharply led by L&T, NTPC and RIL even though global cues were not supportive and finally it managed to close above its resistance level of 4650.

Today: Indian Stock Market would open flat to negative even though we have positive global cues but as today is second last day of expiry we would see lot of volatility in the market as sensex is in the big resistive zone. So today if market would close above 4650 than we would see some more upside in days to come.

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: (15688) The support for the Sensex is 15480 and the resistance to the up move is at 15730-15880.

NSE Nifty: (4659) The support for the Nifty is at 4600 and the resistance to the up move is at 4650-4690. 

F&O Cues: FII were net buyers of 112 cr in index future & net sellers of 156 cr in stock future.

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