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DAILY PREDICTION

Advice for – Friday, April 20, 2012

EP-F&O Special package gave huge profits of  Rs.90,800/- on one lot traded per call of TATAMOTORS Positional (Till Expiry) Future Buy call given on 9th April 2012 to all its subscribers in last trading session.

 

Last Trading Session: Exactly as predicted by EquityPandit that Indian Stock Market would open flat and 5340 would act as strong resistance for Nifty and 17520 for Sensex and exactly same happened. Market opened flat for Nifty as expected by Equitypandit. From there market has seen sharp positive movements. Market saw strong resistance at Equitypandit’s predicted levels of 5340 sharp like a dot. Sensex also saw resistance near EquityPandit’s predicted resistance levels of 17520. Finally market closed in green just below EquityPandit’s resistance levels.

 

Today: Market likely to open negative with 10-30 points for Nifty and 40-80 points for Sensex. Now 5300 levels for Nifty would act as a deciding point for Indian Stock Makret. Indian Stock Market’s overall trend has changed from bearish to bullish. Now 5300 would act as strong support levels for Nifty and next resistance can be seen at 5375-5400 levels for Nifty. Some profit booking would definitely be seen at higher levels but breaching levels of 5300 for Nifty would change the sentiments again to bearish and a prolonged downtrend can be seen in that case. Overall Investors should consider every downtrend as an opportunity to invest. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

 

BSE Sensex: (17504) The support for the Sensex is 17380 and the resistance to the up move is at 17600-17731-17872.

                                           

NSE Nifty: (5332) The support for the Nifty is at 5300-5250 and the resistance to the up move is at 5375-5400.

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