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DAILY PREDICTION

Advice for – Wednesday, July 20, 2011

Last Trading Session: Exactly as predicted by EquityPandit that market would open flat and would be weak but would see sharp positive reaction anytime now and same happened. Market opened flat and remain weak throughout the trading session but has seen sharp reaction (positive trends) in the end of the trading session and closed exactly near EquityPandit’s predicted resistance levels of 5620.

 

Today: Market likely to open positive. Technically, Market has again entered into the consolidated region of 5528-5670 for Nifty. Market may remain in this region for some time now and if 5670 is breached that market can see sharp positive trends.

                                                                                                     

BSE Sensex: (18654) The support for the Sensex is 18450 and the resistance to the up move is at 18800.

                                    

NSE Nifty: (5614) The support for the Nifty is at 5538 and the resistance to the up move is at 5652-5670-5700.

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