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DAILY PREDICTION

Advice for – Monday, November 22, 2010

Last Trading Session: As EquityPandit predicted that breaching the psychological level of 6050-6000 can force Nifty to go down sharply and the same happened. Indian stock market closed in sharp red below 6000 mark for Nifty.

 

Today: Technically market looks weak and in sell mode but now since market has gone down near strong support of 5840 for Nifty, we can’t rule out sharp short covering and hence we can see sharp upmove anytime. Since EquityPandit resistance and support levels always meet accuracy, Traders should take care of all the support and resistance levels as not taking care of support levels may lead to losses. Investor can remain invested.  

 

This is the good time to invest in fundamentally strong companies as anytime we can expect sharp upmove. So keep on investing small-small amount in fundamentally strong companies which are available at discounts. Else, subscribe to EP-Investor Package to know about fundamentally strong shares available at damn cheap rates and which would give huge profits in small time duration.

 

BSE Sensex: (19585) The support for the Sensex is 19460 and the resistance to the up move is at 19855.

                                    

NSE Nifty: (5890) The support for the Nifty is at 5840 and the resistance to the up move is at 5940-6000.

 

 

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