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DAILY PREDICTION

Advice for – Tuesday, May 5, 2009

Yesterday: As per EquityPandit.com prediction, Indian Stock Market opened gap up. Market surprised everybody as it closed above all resistance levels and stayed above 12000 mark for sensex, Thanks to huge FII buying worth Rs 1400 crore in a single day.

 

Today:  Indian Stock Market would open gap up but some profit booking is expected in the later session of the day.

 

BSE Sensex: (12135) The support for the Sensex is 11600 and the resistance to the up move is at 12500-12300

 

NSE Nifty: (3654) the support for the Nifty is at 3500 and the resistance to the up move is at 3724-3750

 

Results to be announced today:

 

Indus Ind Bank, Swaraj Engg.

 

 

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