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DAILY PREDICTION

Advice for – Wednesday, February 09, 2011

Last Trading Session: Exactly as EquityPandit predicted that market would see some more downside and would see strong resistance at 17925 for sensex and same happened. Market went down sharply on Tuesday after positive rally but saw strong resistance at EP predicted support level of 17925 and finally breached which forced market to fall down sharply. Finally market closed negative.

 

Today: Market likely to open flat. Technically, Market still looks weak and can see some more downside and next target can be 5260 for Nifty. Traders are advised to trade in small quantity. 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: (17776) The support for the Sensex is 17620 and the resistance to the up move is at 18000.

                                    

NSE Nifty: (5313) The support for the Nifty is at 5260 and the resistance to the up move is at 5400.

 

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