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DAILY PREDICTION

Advice for – Wednesday, September 23, 2009

Yesterday: Nifty opened with a positive note and crosses its psychological resistance level of 5000 n closed above that.

 

Today: Indian Stock Market would open with flat to negative as global cues are very much silent. Also we have last two days of F&O expiry so we would be out of the market till expiry. But history suggests that Bull always have upper hand during last week of Expiry so let’s hope for the 5100 on the nifty.  

 

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: (16866) The support for the Sensex is 16500 and the resistance to the up move is at 17000.

 

NSE Nifty: (5020) The support for the Nifty is at 4800 and the resistance to the up move is at 5100 

 

F&O Cues: FII were net buyers of 200 cr in index future & sellers of 17 cr in stock future.

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