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DAILY PREDICTION

Advice for – Thursday, August 27, 2009

Yesterday: Market remained range bound n quite a bit volatile as we had F&O expiry. Market opened flat n increase sharply led by Reliance but went down again as European market opened weak n closed up by 80 points.

 

Today: Indian Stock Market would open flat again as global cues are indecisive. It would be interesting to see whether nifty would cross 4700 mark on Intra day basis n if it stay above that than next target would be 4850.

 

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: (15770) The support for the Sensex is 15480 and the resistance to the up move is at 15880.

 

NSE Nifty: (4681) The support for the Nifty is at 4600 and the resistance to the up move is at 4690. 

 

F&O Cues: FII were net buyers of 179 cr in index future & net buyers of 20 cr in stock future.

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