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DAILY PREDICTION

Advice for – Wednesday, August 10, 2011

EP-Basic Package provides daily profits between 1500-5000 to all our subscribers on consistent basis on investment amount of Rs.50,000, irrespective of market direction.

 

Profit Note: EP-F&O Special package gave profits of Rs.8,000 on one lot traded to all its subscribers in last trading session.

 

Last Trading Session: Exactly as predicted by EquityPandit that Indian stock market would open below 5000 levels for Nifty and even though global markets were down by 5-7% but Indian market will see 5000 mark for Nifty very hard to breach while closing, as 5000 mark is strong support for Nifty and exactly same happened. Market opened exactly below 5000 mark for Nifty as predicted and finally manages to close above 5000 mark (Strong resistance) for Nifty as per EquityPandit’s guidance.

                         

Today: Market likely to open positive with atleast 60+ points for Nifty and 200+ points for Sensex. Technically, analysis would remain same. 5000 mark remaining as strong support for Nifty and would look at some short covering rally (Positive trends). This down trend is temporary, so investors should not worry holding their investments until Nifty closes above 5000 mark. Positive trends may be seen in the market now as it is very much stretched. Traders can trade long until 5000 mark for Nifty holds.

                                                                                                     

BSE Sensex: (16858) The support for the Sensex is 16610 and the resistance to the up move is at 17310-17500.

                                           

NSE Nifty: (5073) The support for the Nifty is at 5000-4850 and the resistance to the up move is at 5250-5340.

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