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DAILY PREDICTION

Advice for – Wednesday, July 08, 2009

Yesterday: Indian Stock market consolidated after a huge fall of 7% a day earlier and closed positive led by cement, FMCG sectors.

 

Today: Indian Stock Market is expected to open negative mainly because of negative global cues. Technically still we are firmed on our target of 12500-12800 for sensex so one can create shorts at every higher level.

 

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: (14170) The support for the Sensex is 14000 and the resistance to the up move is at 15000.

 

NSE Nifty: (4202) the support for the Nifty is at 4100-3870 and the resistance to the up move is at 4285        .

 

F&O Cues: FII were net buyers of 207 crore in Index Future and buyers of 341 crore in stock futures.

 

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