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DAILY PREDICTION

Advice for – Thursday, March 19, 2009

Yesterday: Indian Stock Market went up as expected but it loose some strength due to profit-booking in the second half of the yesterday’s session.

 

Today: Now since the market was unable to cross our resistance level of 9100 for sensex and 2850 for Nifty, shorting can be done at higher levels. Check our post Does market made a bottom?  for the direction of Indian Stock Market.

 

BSE Sensex: (8978): The support for the Sensex is 8950 and the resistance to the up move is at 9100-9150.

 

NSE Nifty: (2795) the support for the Nifty is at 2750 and the resistance to the up move is at 2850-3150.

 

 

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