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DAILY PREDICTION

Advice for – Tuesday, July 19, 2011

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Last Trading Session: Market opened flat and remained volatile throughout the day. And as we said that market is weak and would remain in consolidated region and same happened. Market finally close negative.

 

Today: Market likely to open flat with negative bias. Technically, Market is weak and has given a sell signal. If nifty breach 5538 levels, then market may fall sharply. 5620-5652 is strong resistance and 5538 is strong support level for Nifty. But we are expecting a positive reaction also anytime now.

                                                                                                     

BSE Sensex: (18507) The support for the Sensex is 18450-18225 and the resistance to the up move is at 18735-18800.

                                    

NSE Nifty: (5567) The support for the Nifty is at 5538-5485 and the resistance to the up move is at 5620-5652-5700.

 

 

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