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DAILY PREDICTION

Advice for – Thursday, June 30, 2011

Last Trading Session: Exactly as predicted by EquityPandit, that market would open positive and 5607 would be strong resistance for market and same happened. Market opened positive and saw short covering but saw resistance at EquityPandit predicted levels of 5607 and managed to close in green.

 

Today: Market likely to open flat. 5665 would be still a strong resistance level for Nifty. Market is now heading towards F&O Expiry day, so huge volatility is expected. Traders can go long until 5570 holds. Our next target would be 5665 for Nifty. Investors should remain invested.

                                                                                                     

BSE Sensex: (18694) The support for the Sensex is 18550 and the resistance to the up move is at 18850.

                                    

NSE Nifty: (5600) The support for the Nifty is at 5570 and the resistance to the up move is at 5665.

 

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