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DAILY PREDICTION

Advice for – Friday, October 17, 2008

 

Market is assumed to see both up and downtime today in trading session. Day to stay active and conscious. You can go for both intraday and shortselling but timing is very important.
BSE Sensex: (10581) we were expecting a test on the previous low of 10240 and market reached that level and made a new low of 10018. The market came of its low in the late trading session due to the psychological 10000 mark but gave up its gain in the last hour. Now if 10000 goes than 9700 is a strong support to deal with.
The support for the Sensex is 10000-9700 and the resistance to the up move is at 11410.
NSE Nifty: (3269) the support for the Nifty is at 3000-2907 and the resistance to the up move is at 3378-3411

Volumes suggest that market creates temporary bottom and comes into consolidation phase n again it will make new lows cyclically so just wait n watch.

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