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DAILY PREDICTION

Advice for – Monday, December 05, 2011

EP-F&O Special package gave huge profits of Rs.18,400/- on one lot traded on one lot traded per call to all its subscribers on last trading session on Friday.

                                  

 

Last Trading Session:  Exactly, as predicted by EquityPandit that Market would open flat and would see consolidation before moving further up and exactly same happened. Market opened flat and remain consolidated for first half trading session and then moved up sharply after European market gap up opening. Market saw strong buying and breached all resistance levels to close just above EquityPandit’s predicted resistance levels of 5050 for Nifty (EquityPandit predicted Resistance was 5040) and 16847 for Sensex (EquityPandit predicted Resistance level was 16840) confirming that market is strong and would further move up in upcoming days.

                         

Today: Technically market is strong now and had achieved all the given targets of EquityPandit for Nifty. Now market can further go up due to strong buying volumes seen. Definitely some small profit booking would be seen in between to strengthen the support levels. Nifty now possess strong support levels at 4930-4980 and resistance would be seen at 5110-5140-5177. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (16847) The support for the Sensex is 16660-17510 and the resistance to the up move is at 17044-17110-17211.

                                           

NSE Nifty: (5050) The support for the Nifty is at 4980-4930 and the resistance to the up move is at 5110-5140-5177.

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