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DAILY PREDICTION

Advice for – Friday, December 23, 2011

Last Trading Session:  Exactly as predicted by EquityPandit that Market would open flat with negative bias and would be weak to see some negative trends with 4600 as support for Nifty and 4750 as resistance levels and same happened. Market opened flat with negative bias and remained negative throughout the day but moved up sharply in last 2 hours near to EquityPandit’s predicted resistance levels of 4750 for Nifty and 15890 for Sensex. Finally market ended just below EquityPandit’s predicted resistance levels in positive region.

                         

Today: Market likely to open positive. Market is now in reaction mode and can touch levels of 4818 for Nifty in upcoming days. Market would see sideways movement now and would remain in consolidated region to strengthen the support levels. Nifty now possess strong support at 4630-4600 and strong resistance at 4818 levels. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (15813) The support for the Sensex is 15685-15470 and the resistance to the up move is at 16000-16185.

                                           

NSE Nifty: (4693) The support for the Nifty is at 4630-4600 and the resistance to the up move is at 4818.

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