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DAILY PREDICTION

Advice for – Thursday, January 27, 2011

Last Trading Session: Exactly as EquityPandit predicted that market can see some more upside as a result of short covering and next target would be 5800 and same happened. Market moved up and touched our target exactly at 5800 and crashed due to inflation worries. Finally market closed gap down.

 

Today: Market likely to open positive. Technically, Market may witness weakness and level of 5625 can be seen in short term. Today is F&O Expiry, so huge volatility would be seen and hence traders are advised to trade in small quantity. 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.  

 

BSE Sensex: (18969) The support for the Sensex is 18800 and the resistance to the up move is at 19250-19350-19500.

                                    

NSE Nifty: (5687) The support for the Nifty is at 5625 and the resistance to the up move is at 5800-5835-5885.

 

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