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DAILY PREDICTION

Advice for – Wednesday, August 17, 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.54,000/- on one lot traded to all its subscribers on last trading session, even though market was not good.

 

Last Trading Session: Exactly as predicted that market would open flat with positive bias and would see strong support at 5000 levels for Nifty and same happened. Market opened flat with positive bias and saw support near EquityPandit’s predicted support level of 5000 for Nifty. Sensex exactly touched EquityPandit’s predicted support levels of 16660 and rebounded from there.

                         

Today: Market likely to open flat. Since market closed down in red for last trading session, it looks clumsier. Technically, market would see strong support near 5000-4950 levels for Nifty and if these levels are breached then we can even see 4800 levels going further. Traders should now strictly follow supports of 4950 levels for Nifty and resistance of 5200 levels for Nifty. Investors should stay away until market closes above 5200 levels, which would show strength of if it closes below 4950 levels, which would show huge weakness. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.

                                                                                                     

BSE Sensex: (16731) The support for the Sensex is 16660-16450-16000 and the resistance to the up move is at 17020-17225-17500.

                                           

NSE Nifty: (5036) The support for the Nifty is at 5000-4950-4800 and the resistance to the up move is at 5200-5250-5340.

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