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DAILY PREDICTION

Advice for – Wednesday, July 27, 2011

EP-Basic Package provides daily profits between Rs.1500-5000 to all our subscribers on consistent basis on investment amount of Rs.50,000

 

Last Trading Session: Exactly as predicted by EquityPandit that market would open flat with positive bias and 5623 would be strong support, once broken can see sharp downtrends and same happened. Market opened flat with positive bias but due to sudden hike of Repo and Reverse Repo rates by 50 bps (basis points) by RBI forced market to breach our support levels, which led market to fall further. Market opened gap down.

                         

Today: Market likely to open flat. Now market has again entered into the consolidated region, which makes market again weak. Since it  is F&O Expiry weak, huge volatility would be seen. Now the immediate support is at 5530 and immediate resistance is 5625. Breaching any of these would further decide the direction of the market in upcoming days, traders are suggested to follow these levels while trading and investors should consider this as an opportunity to invest.

                                                                                                     

BSE Sensex: (18518) The support for the Sensex is 18435-18225 and the resistance to the up move is at 18750.

                                    

NSE Nifty: (5575) The support for the Nifty is at 5530 and the resistance to the up move is at 5625.

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