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DAILY PREDICTION

Advice for – Friday, July 22, 2011

Profit Note: EP-F&O Special package gave profits of Rs.39,800 on one lot traded to all its subscribers in last trading session.

 

EP-Investor gave profits of 21% on Zicom Security, which was recommended at Rs.37 few days back. It touched Rs.44.85 in last trading session giving 21% profits to all EP-Investor Subscribers.

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with negative bias and would remain in consolidated region of 5538-5642 for Nifty but market would be considered in sell mode and same happened. Market saw flat negative opening and has seen strong support exactly at EquityPandit’s predicted support levels of 5538. Finally market closed in red as predicted by EquityPandit. Sensex also closed just above EquityPandit’s predicted levels of 18435.

 

Today: Market likely to open positive. Technically, 5538-5530 is strong support for Nifty and since market has touched our support levels and rebounded in last trading session, there is a strong feeling that market can see a reaction (Short covering) at these levels in next trading session, but if market breached these levels than it would remain down for next few trading sessions and can see levels near 5470. Since EquityPandit’s predicted support and resistance levels always meet accuracy, traders are suggested to follow these levels while trading.

                                                                                                     

BSE Sensex: (18502) The support for the Sensex is 18435-18230 and the resistance to the up move is at 18700.

                                    

NSE Nifty: (5542) The support for the Nifty is at 5530-5470 and the resistance to the up move is at 5611-5642.

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