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DAILY PREDICTION

Advice for – Thursday, January 29, 2009

Today: As predicted by us, Indian stock market went up yesterday and managed to close showing good uptrend. Still today market looks up as today is F&O expiry day and short covering rally may be there.

 

BSE Sensex: (9257) The support for the Sensex is 9100 and the resistance to the up move is at 9350-9420.

 

NSE Nifty: (2850) the support for the Nifty is at 2800 and the resistance to the up move is at 2890-2900.

 

Today’s Pick:

 

       Suzlon Energy for a time frame of three months else stay away from day trading as today is the last date of expiry.

 

 Important data to watch: Global Market, Third quarterly results.

 

Important Note:  As this is the time, to save tax and make better investments, EquityPandit.com is going to publish a complete series of Tax-Saving, where you would find:

 

       How much tax you will have to pay?

       What are various tax exemptions?

       How to save tax?

       What should be the best investment strategy to save tax and better returns?

 

So stay connected with EquityPandit.com and save tax and get better returns.

 

 

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

 

 

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