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DAILY PREDICTION

Advice for – Friday, October 23, 2009

Yesterday: Market opened flat n went down sharply even though we had some good set of numbers from L&T and other corporate earnings were also quite good but market still came down around say 200 points and closed below 5000 mark on the nifty side.

 

Today: Indian Stock Market would open positive led by positive global cues and still we would advice to remain in buying mode on every dip as long as market trades above 4900 mark.

 

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: (16790) The support for the Sensex is 16750 and the resistance to the up move is at 17000.

 

NSE Nifty: (4989) The support for the Nifty is at 4970 and the resistance to the up move is at 5100.

 

F&O Cues: FII were net sellers of 1124cr in index future & net sellers of 523cr in stock future.

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