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DAILY PREDICTION

Advice for – Monday, April 16, 2012

EP-F&O Special package gave huge profits of Rs.31,300/- on one lot traded per call to all its subscribers in last trading session.

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open positive and would see strong resistance at 5305-5330 for Nifty and strong support at 5245 levels for Nifty and if breached, would see sharp down fall and exactly same happened. Market opened positive and went upto 5305 levels like a dot. Infosys results and European market negative opening forced Indian markets to move negative. Market saw sharp downfall upto 5200 levels, once the levels of 5245 were breached for Nifty. Finally market closed in negative region.

 

Today: Market likely to open negative with 20-40 points for Nifty and 80-140 points for Sensex. Indian Stock Market looks weak and can further see negative movements but possess strong supports at 5145 levels for Nifty, which if breached can force market to move down to levels of 5080-5040 for Nifty. On the positive side market would see strong resistance at 5305-5330-5355, which once breached can take market to the levels of 5500 for Nifty. Investors should consider this downtrend as strong opportunity to invest and earn handsome short term profits as this downtrend would be temporary. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits. Traders can take help of EP-Basic Package and EP-F&O Special Package to earn consistent daily profits in any market direction.

 

BSE Sensex: (17094) The support for the Sensex is 16970-16850-16740 and the resistance to the up move is at 17260-17330-17504.

                                           

NSE Nifty: (5207) The support for the Nifty is at 5145 and the resistance to the up move is at 5305-5330-5355.

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