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DAILY PREDICTION

Advice for – Friday, December 30, 2011

Last Trading Session:  Exactly as predicted by EquityPandit that market would open negative and would see strong support at 4640 for Nifty and exactly same happened. Market opened negative and went down to EquityPandit predicted support level of 4640 like a dot. Finally market closed in sharp negative exactly at EquityPandit predicted support levels.

                         

Today: Market likely to open flat with positive bias. Technically market is stretched and may see some positive movements but overall market is weak and may see further downtrends to levels of 4560 for Nifty in upcoming days. Nifty possess strong support at 4560-4520 levels and strong resistance at 4700-4750. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (15544) The support for the Sensex is 15370-15135 and the resistance to the up move is at 15730-15835.

                                           

NSE Nifty: (4646) The support for the Nifty is at 4560-4520 and the resistance to the up move is at 4700-4750.

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