Yesterday: As EquityPandit.com Predicted beforehand in its advice Advice for – Monday, May 18, 2009, Indian Stock Market went into upper circuit on opening with up movement of 15%. At 11:55 AM when market re-opened, again after 30 seconds it went in upper circuit with upmove of 20%. Market was halted for the day at 11:56 AM.
Today: Market is predicted to open up with a gap of 5-6%. Atleast for next 3-4 days market movement is supposed to be positive. Good time for short term and long term investors. Some volatility would be seen in market, so day traders are supposed to trade cautiously.
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: (14243) The support for the Sensex is 13500 and the resistance to the up move is at 14450-16000
NSE Nifty: (4323) The support for the Nifty is at 4000 and the resistance to the up move is at 4650-4775.