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DAILY PREDICTION

Advice for – Friday, September 4, 2009

Yesterday: Market opened with a bull gap n went down sharply and consolidated in the first half. But again in the half an hour market corrected sharply led by RIL & closed below 4600.

 

Today: Indian Stock Market would again open flat to positive led by good global cues. Technically again overall structure of the market remains strong as bull has upper hand over bear unless 4548 to be break decisively. And if that support would gone than next target for the sensex is 4400.

 

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: (15357) The support for the Sensex is 15300 and the resistance to the up move is at 15730-15880.

 

NSE Nifty: (4594) The support for the Nifty is at 4548 and the resistance to the up move is at 4650-4690. 

 

F&O Cues: FII were net sellers of 35 cr in index future & net sellers of 6 cr in stock future.

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