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DAILY PREDICTION

Advice for – Thursday, January 12, 2012

EP-F&O Special package gave huge profits of Rs.9,000/- on one lot traded on one lot traded per call to all its subscribers on last trading session.

Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with positive bias and would see further upmoves but would see resistance at 4865 for Nifty by close and same happened. Market opened flat with 4 points positive for Nifty and 15 points positive for Sensex. Market remained highly volatile and finally managed to close in positive region but just below EquityPandit’s predicted resistance levels of 4865 for Nifty as predicted.

Today: Market likely to open flat. Technically market is still strong and may see levels of 4930 in upcoming days. Nifty posses immediate support at 4800 and strong support at 4743 whereas resistance to move up may be seen at the levels of 4930-4950 levels for Nifty. Profit booking would definitely be seen at higher levels but traders can trade long until 4800 holds for Nifty. A very good time for investors to invest in highly discounted fundamentally strong companies. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

BSE Sensex: (16176) The support for the Sensex is 16000-15908-15730 and the resistance to the up move is at 16382-16430-16600.

NSE Nifty: (4861) The support for the Nifty is at 4800-4743 and the resistance to the up move is at 4930-4950.

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