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DAILY PREDICTION

Advice for – Friday, April 27, 2012

 

EP-F&O Special package gave huge profits of Rs.4,200/- on one lot traded per call to all its subscribers in last trading session.

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and 5180 would act as strong support for Nifty and exactly same happened. Market opened flat with 4 points positive for Nifty as expected and as said, huge volatility was seen. Market saw strong supports exactly on EquityPandit’s predicted support levels of 5180 for Nifty like a dot. Finally market closed flat with negative bias.

 

Today: Market likely to open flat with positive bias. Market would still be considered as weak for upcoming days until it breach 5230 levels for Nifty with force. Nifty possess immediate supports at 5180 levels and strong support at 5135-5115 levels where as immediate resistance may be seen at 5235 levels and strong resistance would be seen at 5280-5300 levels for Nifty. Market can see positive reaction anytime but one should eye on 5180-5165 levels for Nifty as if these levels breaches on the negative side, market can be dragged to 5135-5115 levels for Nifty. Market direction would be affected by results of few companies which would be disclosed today. Investors can consider every downtrend as an opportunity to invest as this downtrend is very temporary in nature. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

 

Result to be disclosed today: Company results to be disclosed to which would affect market directions are Axis Bank, ICICI Bank, Hindustan Construction, IndiaBulls Finance, Jindal Steel, Thomas Cook and Siemens,

 

BSE Sensex: (17151) The support for the Sensex is 17010-16940 and the resistance to the up move is at 17380-17504.

                                           

NSE Nifty: (5189) The support for the Nifty is at 5180-5135-5115 and the resistance to the up move is at 5230-5280-5300.

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