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DAILY PREDICTION

Advice for – Wednesday, July 29, 2009

Yesterday: Indian Stock Market opened negative mainly because of negative global cues n remained volatile as due to last days of F&O expiry.

 

Today: Indian Stock Market is expected to open flat n expected to remain volatile. As a trader I would like to stay outside the market & would wait for the right level to come n than I would take stock specific action. Also today we had big corporate earnings so lot will depend on that.

                           

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: (15332) The support for the Sensex is 15000 and the resistance to the up move is at 15500.

 

NSE Nifty: (4564) The support for the Nifty is at 4450 and the resistance to the up move is at 4605.

 

F&O Cues: FII were net buyers of 34 crore in Index Future and sellers of 568 crore in stock futures.

 

Results to be declared today: Sesagoa, IVRCL Infra, Sterlite, Power Grid, PNB, Tata Steel, Sun TV, EID Parry, NMDC, Cipla, RNRL, Rpower, Hero Honda

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