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DAILY PREDICTION

Advice for – Monday, December 17, 2012

EP-F&O Special package gave huge profits of Rs.9,250/- on one lot traded per call to all its subscribers in last trading session.

 

Check Why EquityPandit recommends EP-Basic Package

 

 

Last Trading Session: Exactly as predicted by EquityPandit that market has shown the signs of bearish sentiments and should see further profit booking in days to come, but inflation data which is going to get disclosed today would be last chance for market to move up and exactly same happened. Market opened with bearish sentiments and moved down upto levels of 5840 for Nifty. Inflation numbers were lower than market expectation, which again served as a trigger for market to go up and finally market closed positive for the day.

 

Today: Market would open flat with negative bias. Technically, Indian Stock Market is still weak and would see profit booking. For now 5840 would be deciding point of Nifty, which if breached, then levels of 5800-5780 would be next target. Until then Nifty would see sideways movements. Strong resistance would be seen at 5906-5925 levels for Nifty. So traders can trade short at higher levels and long near 5800 levels. Since, EquityPandit’s support and resistance levels always meet accuracy; hence traders are suggested to follow them for good profits.

 

BSE Sensex: (19317) The support for the Sensex is at 19200-19000-18880 and the resistance to the up move is at 19440-19600.

                                           

NSE Nifty: (5880) The support for the Nifty is at 5840-5800-5780 and the resistance to the up move is at 5906-5925.

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