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DAILY PREDICTION

Advice for – Wednesday, August 24, 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.

 

Last Trading Session: Exactly as predicted by EquityPandit, that market would open flat with positive bias and even though market is weak, it would see further short covering at these levels with strong support at 4800 levels for Nifty and would see resistance at 4950 levels for Nifty and exactly same happened, Market opened flat with positive bias for Nifty and moved up sharply seeing short covering as predicted by EquityPandit and exactly closed near EquityPandit’s predicted resistance level of 4950 for Nifty.

 

                         

Today: Market likely to open flat. Technically market weak but is moving to strong side. Market would see further positive movements in upcoming sessions and would see level of 5050 for Nifty soon. We can expect Nifty to cross 5000 levels for Nifty and touch 5050 levels in days to come. 4850 emerged as strong support for Nifty. But since market is weak, any bad news would bring market again near 4800 levels for Nifty. Since EquityPandit’s support and resistance levels always meet accuracy, hence traders are suggested to follow them for good profits.Traders can take help of EP-Basic or EP-F&O Special Package of EquityPandit in this type of market as these packages provides consistent profits in any market direction. Investors are suggested to wait and watch before pumping more money; don’t get in hurry to invest more amount in rising market as one bad news may slap down the market again. EP-Investor Package would not work to its best in falling markets.

                                                                                                     

BSE Sensex: (16498) The support for the Sensex is 16350 and the resistance to the up move is at 16620-16815-17000.

                                           

NSE Nifty: (4949) The support for the Nifty is at 4850 and the resistance to the up move is at 5020-5050-5100.

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