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DAILY PREDICTION

Advice for – Friday, July 29, 2011

Profit Note: EP-F&O Special package gave profits of Rs.12,900 on one lot traded to all its subscribers in last trading session.

 

Last Trading Session: Exactly as predicted by EquityPandit that market would negative with gap down trends and would remain lethargic without any strength with 5465 as strong support levels and same happened Market opened negative with gap down trends and saw support near EquityPandit predicted support levels of 5465 and managed to remain above that levels. Anyhow market closed in steep negative region.

                         

Today: Market likely to open flat with negative bias. Technically, market still looks weak and next logical support levels can be 5405. But now there are chances for market to see short covering (positive trends) after a big selling. Now 5535-5565 would act as immediate resistance for the Nifty. Traders are suggested to follow these levels while trading and investors should consider this as an opportunity to invest.

                                                                                                     

BSE Sensex: (18210) The support for the Sensex is 18005 and the resistance to the up move is at 18440.

                                           

NSE Nifty: (5488) The support for the Nifty is at 5405 and the resistance to the up move is at 5535-5565.

Note: Stocks to trade for F&O and cash intraday and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

 

 

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