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DAILY PREDICTION

Advice for – Monday, January 12, 2009

Today: The Indian Stock market still looks down. Market may start with some down trend.

 

BSE Sensex: (9406) The support for the Sensex is 9080 and the resistance to the up move is at 9700.

 

NSE Nifty: (2873) The support for the Nifty is at 2790 and the resistance to the up move is at 2990.

 

Factors to watch out: Corporate Results and IIP numbers.

 

Today’s Pick: Buy GVKPIL on intraday basis.

 

Stay away from F&O as market is very volatile and can move in any direction. Such movement can auto square-off without giving a chance to your broker to inform you to put more money.

 

For any queries, thoughts and suggestion use MessageBoard. Your all queries would surely be answered by our Financial Analysts.

 

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