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DAILY PREDICTION

Advice for – Wednesday, May 25, 2011

Last Trading Session: Exactly As predicted by EquityPandit, that market may see further downside till 5350 and same happened. Market saw low of 5367 but managed to end flat.

 

Today: Market likely to open negative. Market is now in F&O expiry week so huge volatility would be seen. No there is much possibility for the market to see sharp short covering till 5500 and more after some further small downtrends. Investors can invest and enjoy 10-15% profits in small time duration.

                                                                                                     

BSE Sensex: (18012) The support for the Sensex is 17850 and the resistance to the up move is at 18250-18550-18700.

                                    

NSE Nifty: (5395) The support for the Nifty is at 5350 and the resistance to the up move is at 5500.

 

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