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DAILY PREDICTION

Advice for – Wednesday, April 27, 2011

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Last Trading Session: As predicted, Market opened negative and remained flat throughout the day. Finally market closed in negative region.

 

Today: Market likely to open positive. Analysis would remain same. Nifty posses strong support at 5800. Traders can go long until Nifty holds 5800. F&O Expiry is on its way, so huge volatility is expected. Market looks bearish for a while and profit booking would be seen at higher levels. But for Investors every profit booking should be considered 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: (19545) The support for the Sensex is 19450 and the resistance to the up move is at 19725.

                                    

NSE Nifty: (5868) The support for the Nifty is at 5800 and the resistance to the up move is at 5960.

 

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