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DAILY PREDICTION

Advice for – Monday, July 11, 2011

Last Trading Session: As predicted by EquityPandit that market would open flat and may upmove near to 5750 and same happened. Market touched high of 5740 but cracked and closed in negative.

 

Today: Market likely to open negative. Technically market is positive and should see uptrends but it is seeing profit booking (selling pressure) at higher levels and if market closes negative than we can see further downtrends in days to come else market will move further up. Traders can trade long until 5590 holds. Investors should consider any down trends as an opportunity to buy and invest for good profits in short term.

                                                                                                     

BSE Sensex: (18858) The support for the Sensex is 18680 and the resistance to the up move is at 19250.

                                    

NSE Nifty: (5661) The support for the Nifty is at 5590 and the resistance to the up move is at 5750.

 

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