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DAILY PREDICTION

Advice for – Monday, June 20, 2011

Last Trading Session: Exactly as predicted by EquityPandit, that market would open negative and would see further downtrend until 5350 levels for Nifty and same happened. Market opened flat and slide further till EquityPandit’s predicted levels of 5350.

 

Today: Market likely to open positive. Market fell down to our predicted levels of 5350 for Nifty and Since there is no  strength seen in the market and it sees profit booking at higher levels, market may see further down trend till 5325-5285. EP predicted earlier that Nifty target would be 5350, which already achieved. Market can seen some short covering as well but 5460 would act as strong resistance. Market may see cyclically up and down movement.

                                                                                                     

BSE Sensex: (17871) The support for the Sensex is 17850-17200 and the resistance to the up move is at 18200.

                                    

NSE Nifty: (5366) The support for the Nifty is at 5325-5285 and the resistance to the up move is at 5460-5500.

 

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