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DAILY PREDICTION

Advice for – Wednesday, July 06, 2011

Last Trading Session: Exactly as predicted by EquityPandit, that market would shed some weight and may see some downtrend at this point of time and same happened. Market opened negative and remained negative throughout the trading session.

 

Today: Market likely to open flat. 5700-5725 would be strong resistance level for Nifty. Technically market is in reaction mode and can see levels near 5570 again. At higher levels market would see profit booking but overall market is positive for investors. Traders should look for support and resistance levels carefully as market is looking for new supports.

                                                                                                     

BSE Sensex: (18745) The support for the Sensex is 18635-18550 and the resistance to the up move is at 19010.

                                    

NSE Nifty: (5632) The support for the Nifty is at 5570 and the resistance to the up move is at 5700-5725.

 

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