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Thursday, June 12, 2008

Stock Market Prediction for 13rd June 2008


Market may open up. Market would be volatile & show significant ups and down. Market may up between 11.08 and 11.33. Market may steady or up side between 12.05 and 12.27. Market may close at up to previous closing.



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Opening Bell Call

Buy

Do not buy anything

Exit All Long Term Positions

Once again Stock Market Prediction had predicted Stock Market will down beween 27th May 2008 and 20th June 2008 on 5th May 2008 in Post "Astro Alert - BSE Sensex and NSE will down by 5% to 15% during June 2008".

When will Stock Market Recover ?
Indian Stock markets - The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) may stabilize after 20th June 2008 because of Sun will enter in Gemini sign. As per Stock Market Prediction - Indian Stock Market start recovering after 22nd June 2008.

On 12th June 2008 - The Sensex has recovered nearly 437 points from an intraday low of 14,747.99 and turned back above 15000 mark in late trade. It closed at 15,250.20, up by 64.88 points or 0.43%. The Nifty slipped below 4400 mark in opening trade but managed to recover nearly 132 points from day's low. It was up 15.75 points or 0.35% to settle at 4539.35. The rupee was trading at 42.85 to the dollar.

Opening Bell Call
Sell
HDFCBANK - HDFC Bank Ltd
IFCI - IFCI Limited
INDIACEM - The India Cements Limited
RELIGARE - Religare Enterprises Limited
LICHSGFIN - LIC Housing Finance Ltd
SUZLON - Suzlon Energy Limited
ROLTA - Rolta India Ltd.

Technical Analysis for 13rd June 2008

BSE-SENSEX - Major Support - 15089, 14999, 14908, 14738, 14567, 14606, 14045
BSE-SENSEX - Major Resistance - 15260, 15430, 15521, 15611, 15872, 16133, 16394

NSE-NIFTY - Major Support - 4493, 4465, 4437, 4386, 4335, 4256, 4177, 4098
NSE-NIFTY - Major Resistance - 4544, 4595, 4623, 4651, 4730, 4809, 4888, 4967

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