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DAILY PREDICTION

Advice for – Monday, April 11, 2011

Last Trading Session: Exactly as predicted by EquityPandit that some profit booking is surely expected at this moment and the same happened in last trading session. Market opened flat with positive bias as expected and that profit booking was seen.


Today: Market likely to see flat opening with negative bias. 5870 would be seen as resistance level for Nifty. Some more profit booking can be seen. Overall Market is still positive and investors should consider every profit booking as an opportunity to buy and invest for midterm. 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: (19451) The support for the Sensex is 19200-19000 and the resistance to the up move is at 19550-19850.


NSE Nifty: (5842) The support for the Nifty is at 5710 and the resistance to the up move is at 5870-5960.


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