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DAILY PREDICTION

Advice for – Tuesday, January 10, 2012

EP-F&O Special package gave huge profits of Rs.9,400/- on one lot traded per call to all its subscribers on last trading session.

Friday Trading Session: As predicted by EquityPandit that market would open negative with 40 points for Nifty and 110 points for Nifty with strong support at 4690 for Nifty with sideways movement seen and exactly same happened. Market opened gap negative exactly near about 40 points down and fell down sharply as predicted by EquityPandit and saw strong support near 4690 and as predicted by EquityPandit that sharp positive movement would be seen at support levels and hence market went up sharply from there, closing flat again.

                         

Today: Market likely to open positive with 20-40 points for Nifty and 60-100 points for Sensex. Technically, analysis would still remain same and market is still weak but good news is that Indian market is seeing sharp short covering at lower levels developing strong supports. If market closes above levels of 4785 in upcoming days, then it would be a trigger to lengthened positive duration. Market is weak and may see sharp downside on single bad news globally but breaching 4820 for Market would give sharp buy signal and may result market to see levels of 5000 for Nifty. Market may see profit booking at higher levels as there is lot of uncertainty lying around the globe but would also see sharp short covering rally at lower levels due to strong support levels. Overall Market is in sideways movement. Nifty posses immediate support at 4695 and strong support at 4640 whereas resistance to move up may be seen at the levels of 4820-4865 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (15814) The support for the Sensex is 15730-15675-15478 and the resistance to the up move is at 16186-16430.

                                           

NSE Nifty: (4743) The support for the Nifty is at 4690-4640 and the resistance to the up move is at 4820-4865.

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