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DAILY PREDICTION

Advice for – Wednesday, July 15, 2009

Yesterday: As Predicted by us, Market opened in the green and traded above its resistance level of 4035. As we said if it traded continuously above 4035, than next target is 4100 which was achieved yesterday.

 

Today: Indian Stock Market is expected to open with narrow positive gap say 15-20 points on the nifty and we will see stock specific action in the market but definitely today we will see some consolidation after yesterday up move. But one thing is very clear that one should not short in the market as it is expected that market should go up in the upcoming days.

 

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: (13854) The support for the Sensex is 13000 and the resistance to the up move is at 14000.

 

NSE Nifty: (4111) The support for the Nifty is at 4050 and the resistance to the up move is at 4200.

 

F&O Cues: FII were net buyers of 558 crore in Index Future and buyers of 753 crore in stock futures.

 

Results to be declared today: CMC Ltd, Bajaj Fin, Cipla, IDBI Bank, TV18

 

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