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DAILY PREDICTION

Advice for – Tuesday, June 21, 2011

Last Trading Session: Exactly as predicted by EquityPandit, that market would open positive and can test 5285 levels for Nifty and same happened. Market opened positive and slide further.

 

Today: Market likely to open positive. Market fell down to our predicted levels of 5200 for Nifty and Since there is no  strength seen in the market and it sees profit booking at higher levels, market may see further see down trend till 5100, which is very safe zone to buy stocks and fill up your investments. EP predicted earlier that Nifty target would be 5285, which already achieved. Market can see some short covering as well but 5400 would act as strong resistance. Market may see cyclically up and down movement.

                                                                                                     

BSE Sensex: (17507) The support for the Sensex is 17200 and the resistance to the up move is at 17807.

                                    

NSE Nifty: (5258) The support for the Nifty is at 5165-5100 and the resistance to the up move is at 5300-5400.

 

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