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DAILY PREDICTION

Advice for – Wednesday, December 29, 2010

Last Trading Session: As EquityPandit predicted that market would remain negative and profit booking would be seen and the same happened. Finally market ended flat in negative region.

 

Today: Technically, still Market is in consolidated region and is still striving for support. Analysis would remain same as yesterday. Once market come out of the current narrow range, sharp breakout would be seen in either side. Since year’s last F&O Expiry is approaching so market would be very volatile. But Investors don’t have to worry at all and keep on investing at every downtrend. Investors who have already invested should keep patience as the upmove is sure to happen. 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: (20025) The support for the Sensex is 19900 and the resistance to the up move is at 20220.

                                    

NSE Nifty: (5996) The support for the Nifty is at 5950-5900 and the resistance to the up move is at 6090-6124.

 

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