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DAILY PREDICTION

Advice for – Tuesday, May 03, 2011

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Last Trading Session: As predicted by EquityPandit, Market would open flat but looks weak and would see strong resistance at 5700 and same happened. Market closed red exactly near EquityPandit predicted support levels of 5700.

 

Today: Market likely to open flat. Still market looks weak and can see the levels of 5680-5650. But now, since market is oversold, we can see sharp short covering at this point of time and expected to see fresh upmove. Investor can remain invested and should take this downfall as an opportunity to buy and invest for midterm.  

 

BSE Sensex: (18998) The support for the Sensex is 18930-18850 and the resistance to the up move is at 19225.

                                    

NSE Nifty: (5701) The support for the Nifty is at 5680-5650 and the resistance to the up move is at 5770-5820-5875.

 

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