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DAILY PREDICTION

Advice for – Tuesday, April 19, 2011

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Last Trading Session: As predicted, market saw strong selling pressure at higher levels and fell down sharply on profit booking.

 

Today: Nifty posses strong support at 5712 and once breached it can fell down again to 5650. EquityPandit predicts overall market to be positive, definitely profit booking would be seen at every levels but investors should consider every profit booking as an opportunity to buy and invest for midterm. 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: (19091) The support for the Sensex is 19000-18000 and the resistance to the up move is at 19350.

                                    

NSE Nifty: (5729) The support for the Nifty is at 5712-5650 and the resistance to the up move is at 5800.

 

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