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DAILY PREDICTION

Advice for – Friday, January 21, 2011

Last Trading Session: Market moved in positive region as expected. Market was very volatile and closed postive.

 

Today: Market likely to open flat with negative bias but recovery can be seen later. Technically, some more upside can be seen as a result of short covering,  But results of big companies like Reliance, SBI, BHEL, M&M and Wipro would definitely affect the direction of the market. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.  

 

BSE Sensex: (19047) The support for the Sensex is 18900 and the resistance to the up move is at 19250-19350-19500.

                                    

NSE Nifty: (5712) The support for the Nifty is at 5670 and the resistance to the up move is at 5750—5800-5835-5885.

 

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