Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
DAILY PREDICTION

Advice for – Wednesday, August 03, 2011

Profit Note: EP-F&O Special package gave profits of Rs.12,000 on one lot traded to all its subscribers in last trading session.

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open negative and would remain in this consolidated region of 5405-5535 for some time and same happened Market opened negative and saw resistance near our resistance levels of 5450.

                         

Today: Market likely to open gap down with atleast 90 points for Nifty and 250 points for Sensex. Market is still in weak position. Technically, 5490-5535 would be immediate resistance for Nifty. Traders can work out with these support and resistance levels.  Technically, now market should see sharp short covering (Positive trends) after this long down trend but US Huge Debts can be a matter of worries for Indian Markets.

                                                                                                     

BSE Sensex: (18110) The support for the Sensex is 18005-17920-17850 and the resistance to the up move is at 18220-18440.

                                           

NSE Nifty: (5457) The support for the Nifty is at 5405-5390-5347 and the resistance to the up move is at 5490-5535-5565.

Get Daily Prediction & Stocks Tips On Your Mobile