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DAILY PREDICTION

Advice for – Thursday, July 23, 2009

Yesterday: Market opened with a positive note and up till first half session it traded with a good bull run. But all of a sudden as being pre-decided by bull, started profit booking. Even though European market opened negative they turned positive afterwards but our market went down continuously so clearly that was pre-decided move by the bull.  

 

Today: Indian Stock Market is expected to open with a bull gap say 25-35 points on nifty. Again market may trade on either side as we said earlier that right now market is in no bull – no bear zone it would be extremely difficult for the traders to take a call on that. We would also see the movements like yesterday so would prefer to wait and watch for the right time to come.

                           

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

 

BSE Sensex: (14843) The support for the Sensex is 14500 and the resistance to the up move is at 15000.

 

NSE Nifty: (4399) The support for the Nifty is at 4350 and the resistance to the up move is at 4450.

 

F&O Cues: FII were net sellers of 508 crore in Index Future and sellers of 401 crore in stock futures.

 

Results to be declared today: Idea, ACC, ITC, Deepak Fert., Nagarjuna Fert., ONGC, Siemens, Alstom Project, Maruti, Marico

 

 

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