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DAILY PREDICTION

Advice for – Thursday, August 18, 2011

EP-Basic Package provides daily profits between 1500-5000 to all our subscribers on consistent basis on investment amount of Rs.50,000, irrespective of market direction.

 

Last Trading Session: Exactly as predicted that market would open flat and would see strong resistance near 5000 mark for Nifty and same happened. Market opened flat and exactly saw support at 5000 levels for Nifty and closed flat with positive biased.

 

Today: Market likely to open flat. Technically, market should see some more short covering. We expect market to touch 5200 soon and then after recovery may start. 5000-4950 would be still a strong support.  Traders can trade long until 5000 level holds for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

 

BSE Sensex: (16841) The support for the Sensex is 16660-16450-16000 and the resistance to the up move is at 17020-17225-17500.      

             

NSE Nifty: (5057) The support for the Nifty is at 5000-4950-4800 and the resistance to the up move is at 5200-5250-5340.

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