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DAILY PREDICTION

Advice for – Friday, November 06, 2009

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Yesterday: As we told yesterday that uptrend is not ruled out, market opened with the negative trend and than went up sharply in noon session covering all shorts.

 

Today: Today Indian stock market would open with a big positive gap say somewhere around +150pts up for sensex. Good trading opportunity, but strict stoplossess and target should be kept as market shows sudden reverse direction without any reason. Still we would say its good time for long term investments.

 

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: (16071) The support for the Sensex is 15900 and the resistance to the up move is at 16150-16280.

 

NSE Nifty: (4766) The support for the Nifty is at 4700 and the resistance to the up move is at 4790.

 

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