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DAILY PREDICTION

Advice for – Thursday, August 16, 2012

Last Trading Session: Market opened flat for the day and as predicted by EquityPandit that market could breach levels of 5375 and would see resistance near 5380 for Nifty and 17740 levels for Sensex and exactly same happened. Market moved positive and ended exactly at EquityPandit’s predicted resistance levels of 5380 like a dot. Sensex also saw strong resistance at EquityPandit’s predicted resistance levels of 17740 like a dot.

 

Today: Market would open flat. Market may see some profit booking here but now if 5350 holds for Nifty then market would breach levels of 5400-5445 levels for Nifty, which would also act as resistance for Nifty.  Supports would be seen at 5350-5330-5295 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

 

BSE Sensex: (17728) The support for the Sensex is at 17570-17450 and the resistance to the up move is at 17870-17950.

                                           

NSE Nifty: (5380) The support for the Nifty is at 5350-5330-5295 and the resistance to the up move is at 5400-5445.

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